city of San Antonio


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File #: 19-1951   
Type: Resolution
In control: City Council A Session
On agenda: 2/14/2019
Posting Language: Alazan Lofts, located on several parcels on Torreon, El Paso and 803 Colorado, in Council District 5
Attachments: 1. A - Luna Flats, 2. B - Our Lady of Charity, 3. C - Village at Boyer, 4. D - Legacy at Piedmont, 5. E - Alazan Lofts, 6. F - Village at Nogalitos, 7. G - Culebra Place, 8. H - Pinewood Crossing, 9. I - Hamilton Wolfe, 10. J - Blanco Senior Estates, 11. K - Residences at Thousand Oaks, 12. L - Blue Oaks, 13. Resolution 2019-02-14-0013R
Related files: 19-1677, 19-1947, 19-1948, 19-1949, 19-1950, 19-1952, 19-1953, 19-1954, 19-1955, 19-1956, 19-1957, 19-1958
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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DEPARTMENT: Neighborhood and Housing Services


DEPARTMENT HEAD: Ver?nica R. Soto, AICP


COUNCIL DISTRICTS IMPACTED: City Wide


SUBJECT:

Consideration of Resolutions of Support for multifamily rental housing development projects for respondents seeking 2019 Competitive 9% Housing Tax Credits (HTC) from the Texas Department of Housing and Community Affairs (TDHCA). Two respondents also requested a Resolution to waive the TDHCA "One-Mile, Three-Year" rule for the construction of new HTC developments within one-linear mile of developments awarded within the prior three years, and six respondents requested a Resolution identifying their projects as contributing more than any other to the concerted revitalization efforts of the municipality. Additionally, all 12 applicants requested a letter from City staff confirming the City's contribution to their project of at least $500.


SUMMARY:

Consideration of Resolutions of Support for multifamily rental housing development projects for respondents seeking 2019 Competitive 9% Housing Tax Credits (HTC) from the Texas Department of Housing and Community Affairs (TDHCA). Two respondents also requested a Resolution to waive the TDHCA "One-Mile, Three Year" rule for the construction of new HTC developments within one-linear mile of developments awarded within the prior three years, and six respondents requested a Resolution identifying their projects as contributing more than any other to the concerted revitalization efforts of the municipality. Additionally, all 12 applicants requested a letter from City staff confirming the City's contribution to their project of at least $500.


BACKGROUND INFORMATION:

The Texas Department of Housing and Community Affairs' (TDHCA) Housing Tax Credit (HTC) program is one of the primary means of incentivizing private capital toward the development and preservation of affordable housing in the state of Texas. HTCs are awarded to offset a portion of federal tax liability in exchange for the p...

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