AGENDA CAPTION:
Title
Consider approval of Resolution 2018-238R 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; approving findings related to such application; imposing conditions for such support; providing authorizations for execution or submission of documents related to the such application; and declaring an effective date.
Body
Meeting date: December 19, 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 Council approved Resolution No 2018-198R on October 16, 2018, a copy of which is attached. Because the developer’s project will be seeking tax-exempt bonds, the form of the resolution required by Texas Housing and Community Affairs (TDHCA) is different than the one approved by City Council in October. The developer needs a revised resolution before the end of the calendar year to submit to TDHCA.
Council Committee, Board/Commission Action:
n/a
Alternatives:
N/A
Recommendation:
N/A