DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Briefing on the City of San Antonio policy that governs the issuance of the 2019 Resolutions of Support or No Objection by the City Council for applicants seeking Low Income Housing Tax Credits (LIHTC) from the Texas Department of Housing and Community Affairs (TDHCA). The housing tax credit applicant receiving a resolution of support or no objection from City Council will receive points for their TDHCA application.
SUMMARY:
Briefing on the City of San Antonio policy that governs the issuance of Resolutions of Support or No Objection by the City Council for applicants seeking Low Income Housing Tax Credits (LIHTC) from the Texas Department of Housing and Community Affairs (TDHCA). The applicant receiving a resolution of support or no objection from City Council will receive points for their TDHCA application.
The City's current policy outlines the scoring criteria to be used for considering applications as well as the minimum requirements in order to be granted a Resolution of Support or No Objection by the City Council. The recommended criteria is designed to ensure fairness in evaluating applications while also ensuring adequate resident notification of proposed LIHTC developments.
BACKGROUND INFORMATION:
The Texas Department of Housing and Community Affairs' (TDHCA) Housing Tax Credit program is one of the primary means of leveraging private capital toward the development and preservation of affordable rental housing in the state of Texas.
The two types of housing tax credits include competitive 9% and non-competitive 4%. The non-competitive 4% Housing Tax Credit program is available year round whereas the competitive 9% Housing Tax Credit program has a single annual application period. For the 2019 9% competitive application period, TDHCA requires applicants to submit completed applications, along with suppor...
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