DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Briefing and discussion of draft program policies for federal affordable housing activities and Low Income Housing Tax Credit development applications
SUMMARY:
This item includes a staff briefing and Housing Commission discussion on the draft program policies for HUD-funded affordable housing activities as well as the issuance of Resolutions of Support or No Objection for applicants seeking Low Income Housing Tax Credits (LIHTC) from the Texas Department of Housing and Community Affairs (TDHCA).
These two documents outline the program policies to receive HUD-funded housing activities for the Community Development Block Grant (CDBG), HOME Investment Partnerships Program (HOME), and Neighborhood Stabilization Program (NSP) as well as the policies to issue Resolutions of Support or No Objection for developments seeking LIHTC from the TDHCA.
BACKGROUND INFORMATION:
The U.S. Department of Housing & Urban Development (HUD) requires that jurisdictions receiving federal funds maintain policies that guide the use and/or disbursement of HOME Investment Partnerships Program (HOME), Community Development Block Grant (CDBG), and Neighborhood Stabilization Program (NSP) funds. The policies must be updated periodically to ensure consistency with the current five-year HUD Consolidated Plan and compliance with the HUD HOME Final Rule.
Additionally, the City maintains a written policy by which Resolutions of Support or No Objection are awarded to applicants seeking Low Income Housing Tax Credits (LIHTC) from the Texas Department of Housing & Community Affairs (TDHCA).
The current version of the policy document, which incorporates the policies for HUD housing activities as well as policies for the issuance of Resolutions related to LIHTC projects, was last approved by the City Council on December 10, 2015 (Ordinance #2015-12-10-104...
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