DEPARTMENT: Neighborhood and Housing Services Department
DEPARTMENT HEAD: Ver?nica R. Soto, FAICP, Neighborhood and Housing Services Department Director
COUNCIL DISTRICTS IMPACTED: Citywide
SUMMARY:
Director to report updates on Neighborhood and Housing Services Department Programs
BACKGROUND INFORMATION:
Each month the Director prepares a report on program updates directly affecting the Housing Commission and its charge.
ISSUE:
Topics to be discussed are: (a) Follow up to Questions Asked During Commission Meeting on June 23, 2021; (b) Housing Tax Credit Policy updates; (c) FY 2022 City Budget Process Update; (d) Subcommittee Update; (e) Upcoming Meetings
a) Follow up to Questions Asked During Commission Meeting on May 26, 2021
During the June 23, 2021 meeting, Commissioners asked one (1) question. Staff's response to the question is attached.
b) Housing Tax Credit Policy Update
Every two years, staff update's the City's Housing Tax Credit Policy that governs the issuance of Resolutions of Support or No Objection for applicants seeking Housing Tax Credits (HTC) from the Texas Department of Housing and Community Affairs (TDHCA). The policy outlines the scoring criteria to be used for considering applications as well as the minimum requirements for developers seeking a Resolution of Support or No Objection. The updated policy will be considered by City Council in October or November.
NHSD will collect input from HTC practitioners, CHDOs, Housing Commissioners, City Council Members, and the public to inform the updated policy. NHSD will schedule 3 developer HTC practitioner focus groups and one meeting with CHDOs. The goal of these focus groups is to work with practitioners to find a balance between city priorities, the state's rules, and what is feasible in today's market. These meetings will take place in August and September. Staff will meet individually with City Council Members to discuss their priorities for the HTC policy. NHSD will rele...
Click here for full text