Title
Conduct a public hearing and consider a resolution providing no objection for KCG Avanti Hills, LP's application to the Texas Department of Housing and Community Affairs ("TDHCA") for Non-Competitive 4% Housing Tax Credits for the construction of an approximately 254-unit age restricted, senior affordable housing development to be located at or about the northwest corner of East Glen Boulevard and Clay Mathis Road, in accordance with Chapter 2306 of the Texas Government Code, and authorizing the City Secretary to certify the resolution to the TDHCA.
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Before the Texas Department of Housing and Community Affairs (TDHCA) may approve an application for low income housing tax credits for developments financed with private activity bonds, 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 June 16, 2025, KCG Companies, LLC made a presentation to the Mesquite Housing Finance Corporation (HFC) seeking a partnership structure and financing for a proposed 254-unit age-restricted, senior affordable housing development, known as Avanti Hills, to be located at 2210 E. Scyene Road (Northwest Corner of East Glen Boulevard and Clay Mathis Road). On July 21, 2025, the HFC Board unanimously passed a bond inducement resolution authorizing an application for up to $60 million in private activity bond (PAB) reservation with the Texas Bond Review Board (TBRB), and on August 22, 2025, the TBRB issued a Certificate of Reservation, Docket Number 5441, reserving $60 million for the HFC to finance the Avanti Hills development. KCG intends to file its 4% tax credit application with the TDHCA before the end of this month.
KCG earlier submitted an application for rezoning of the property, and the public hearing for their rezoning case is also schedul...
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