Title
Conduct a public hearing and consider a resolution providing no objection for Torrington Creekside, LP's application (through developer JPI Affordable Development, LLC) to the Texas Department of Housing and Community Affairs (TDHCA) for Non-Competitive 4% Housing Tax Credits for the construction of an approximately 291-unit affordable multi-family rental housing development to be located at or about 900 and 1000 Windbell Circle (the Development), in accordance with Chapter 2306 of the Texas Government Code, allowing the construction of the development in accordance with 10 Texas Administrative Code ?11.3(d), and authorizing the City Secretary to certify the resolution to the TDHCA.
Body
Before the Texas Department of Housing and Community Affairs (TDHCA) may approve an application for housing tax credits for developments financed with private activity bonds (PABs), the governing body of a municipality in which the proposed development is located must conduct a public hearing to receive information and public comment on the proposed development, and then pass a resolution stating the governing body does not object to the proposed application.
On September 2, 2025, JPI Affordable Development, LLC made a presentation to the Mesquite Housing Finance Corporation (HFC) seeking participation and financing for a proposed 291-unit affordable multifamily rental housing development to be located at 900 and 1000 Windbell Circle in Mesquite. The HFC Board unanimously passed a bond inducement resolution authorizing an application for up to $50 million in private activity bonds with the Texas Bond Review Board (TBRB).
This public hearing is an opportunity for the City Council to receive information on the development and seek input from the public prior to the HFC issuing bonds. The City Council may still object to the approval of the HFC bond sale later in the PAB issuance process.
Recommended/Desired Action
Following the public hearing, staff recommends approval o...
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