DEPARTMENT: Neighborhood and Housing Services Department
DEPARTMENT HEAD: Ver?nica R. Soto, FAICP, Director
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Director to report updates on Neighborhood and Housing Services Department Programs.
SUMMARY:
Each month the Director prepares a report on program updates directly affecting the Housing Commission and its charge.
BACKGROUND INFORMATION:
Topics to be discussed are: (a) Follow up to questions asked during the Housing Commission meeting on August 25, 2021; (b) Housing Tax Credit Policy updates; (c) FY2022 City budget update (d) Upcoming meetings
ISSUE:
Topics to be discussed are: (a) Follow up to Questions Asked During Commission Meeting on August 25, 2021; (b) Housing Tax Credit Policy updates; (c) FY 2022 City Budget Process Update; (d) Upcoming Meetings
a) Follow up to Questions Asked During Commission Meeting on August 25, 2021
The follow-up for questions asked during the August 25, 2021 meeting were responded to either during the Housing Commission's workshops on September 1, 2021 and September 15, 2021 or will be answered as part of staff's presentation on the SHIP and Bond items during the September 22, 2021 meeting.
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 developed and issued a survey for affordable housing developers, service providers, and CHDOs to collect information about the city's HTC Resolution process from July 5 through August 4. Feedback from those who have applied f...
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