Title
Conduct a public hearing and consider a resolution supporting 930 Military Parkway Living, Ltd.’s application to the Texas Department of Housing and Community Affairs (TDHCA) for 2024 Competitive 9% Housing Tax Credits Program for the construction of an approximately 111-unit affordable multi-family rental housing development to be located at 930 Military Parkway, in accordance with Chapter 2306 of the Texas Government Code and authorizing the City Secretary to certify the resolution to the TDHCA.
Body
The applicant will present information regarding a proposed 111-unit affordable housing development for families. The applicant intends to apply for 9% Competitive Housing Tax Credits (HTC) through the Texas Department of Housing and Community Affairs (TDHCA). An approved resolution will provide points toward the scoring of their competitive grant application. The applicant is also requesting a $500.00 financial commitment from the City.
The property was rezoned in August 2023 to accommodate this development. If approved and awarded tax credits, this project will not have to be rezoned.
Recommended/Desired Action
Conduct a public hearing and consider action on a resolution.
Attachment(s)
Location Map and Overview of Project
Resolution
Drafter
Jeff Armstrong
Head of Department
Jeff Armstrong