DEPARTMENT: Department of Planning & Community Development
DEPARTMENT HEAD: Bridgett White, Director
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Consideration of Resolutions of Support or No Objection for 11 multifamily rental housing development projects by applicants seeking competitive 9% Housing Tax Credits with the Texas Department of Housing and Community Affairs.
SUMMARY:
The City issued a Request for Applications to developers seeking a Resolution of Support or No Objection for applications to the Texas Department of Housing and Community Affairs for the competitive 9% Housing Tax Credit program. Applicants for the following 10 projects are recommended to receive a Resolution of Support:
* Bandera Apartments, located at 10715 Bandera Rd. in District 8
* Basila Apartments, located at 500 N. Zarzamora St. in District 5
* Fountain View Village, located at 9481 Marbach Rd. in District 4
* National Church Residences at Nacogdoches, located at 15709 Nacogdoches in District 10
* Rio Lofts, located at 319 W. Mitchell in District 3
* Sonoma Pointe, located near Bandera and Tezel roads in District 7
* The Acacia, located near Guilbeau and Bandera roads in District 7
* The Bristol, located at Guilbeau and Old Tezel roads in District 7
* The Kensington, located near Potranco and Seascape roads in District 4
* Village at Stahl, located at 4438 Stahl Rd. in District 10
Applicants for the following 1 project are recommended to receive a Resolution of No Objection:
* National Church Residences at Potranco, located at 8451 Potranco Rd. in District 6
BACKGROUND INFORMATION:
The Texas Department of Housing and Community Affairs' (TDHCA) Housing Tax Credit (HTC) program is one of the primary means of directing private capital toward the development and preservation of affordable rental housing for low-income households in the state of Texas. HTCs are awarded to eligible participants to offset a portion of their federal tax liability in exchange for the prod...
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