DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: 1, 2, 3 and 5
SUBJECT:
A Resolution identifying applicants for Housing Tax Credits through the Texas Department of Housing and Community Affairs (TDHCA) as contributing more than any other to the concerted revitalization efforts of the municipality; and, a Resolution allowing the construction of a new development located within one linear mile or less from another Housing Tax Credit development awarded within the prior three years.
SUMMARY:
This item includes a Resolution identifying the following applicants for Housing Tax Credits through the Texas Department of Housing and Community Affairs (TDHCA) as contributing more than any other to the concerted revitalization efforts of the municipality:
* Artisan at Ruiz, located within the University Park West/Blueridge REnewSA target area in Council District 1
* Museum Reach Lofts, located within the Midtown TIRZ in Council District 1
* Valiente Apartments, located within the Inner City TIRZ in Council District 2
* San Juan Mission Villas, located within the Brooks City Base TIRZ in Council District 3
* Village at Roosevelt, located within the Mission Drive-in TIRZ in Council District 3
* Piedmont Lofts, located within the Highlands Community Plan Area in Council District 3
* Alazan Lofts, located within the Westside TIRZ in Council District 5
* Legacy at Buena Vista, located within the Near West-Five Points Neighborhood Improvement Area in Council District 5
Additionally, this item includes a Resolution specifically allowing the construction of Village at Roosevelt, which is to be located within one linear mile or less from a Housing Tax Credit development awarded within the prior three years.
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 developm...
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