AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2018-198R supporting the submission of an application for Low Income Housing Tax Credits to the Texas Department of Housing and Community Affairs for the proposed Villas Del San Xavier Senior Community located at 2621 South Interstate Highway 35; and consider approval of Resolution 2018-198R, approving findings related to such application; imposing conditions for support; providing authorizations for execution or submission of documents related to such application; and declaring an effective date.
Body
Meeting date: October 16, 2018
Department: Planning and Development Services
Amount & Source of Funding
Funds Required: n/a
Account Number: n/a
Funds Available: n/a
Account Name: n/a
Fiscal Note:
Prior Council Action: n/a
City Council Strategic Initiative:
Workforce Housing
Comprehensive Plan Element (s):
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Diversified housing options to serve citizens with varying needs and interests
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Not Applicable
Master Plan:
Vision San Marcos - A River Runs Through Us
Background Information:
The City of San Marcos adopted an Affordable Housing Policy in 2014 (2014-96R) which outlined issues, goals, and strategies for implementation of affordable and workforce housing. This policy was amended in 2017 (2017-42R) to outline criteria for the Low Income Housing Tax Credit Policy (LIHTC) for large multifamily developments that are reserved for ages restricted (55+) communities only. At this time, the City was in conversation with the applicant regarding development of the property as an age-restricted community.
The Affordable Housing Policy was then amended again in 2018 (Resolution 2018-118) to remove th...
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