AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2024-20R, providing support for the submission of an application for Low Income Housing Tax Credits (LIHTC) to the Texas Department of Housing and Community Affairs for Riverview Apartments located at 601 River Road, approving findings related to such application; providing authorizations for execution or submission of documents related to such application; and declaring an effective date; and consider approval of Resolution 2024-20R.
Body
Meeting date: February 20, 2024
Department: Planning & Development Services
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
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Background Information:
The new owners of Riverview Apartments are seeking a resolution of support in order to apply for Low Income Housing Tax Credits (LIHTC) with the Texas Department of Housing and Community Affairs (TDHCA). The complex is existing and has fallen into disrepair. In order for the applicant to meet the TDHCA deadline, a resolution from the city is needed prior to March 1, 2024.
Upon request of the applicant and since this is a rehabilitation project, not new development, staff expedited the co...
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