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File #: Res. 2020-36R    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/17/2020 In control: City Council
On agenda: 2/18/2020 Final action: 2/18/2020
Title: Consider approval of Resolution 2020-36R, approving amendments to the Affordable/Workforce Housing Policy regarding the criteria for approval of applications relating to the Low-Income Housing Tax Credit Program administered by the Texas Department of Housing and Community Affairs; and declaring an effective date.
Attachments: 1. Resolution, 2. Memo - History of Policies, 3. Memo - San Marcos LIHTC Properties, 4. Income Limits Comparison Table - MASTER LIST, 5. Policy Update Redline - 1.21.2020, 6. LIHTC Policy - Flow Chart, 7. Presentation 2.18.2020 - final
AGENDA CAPTION:
Title
Consider approval of Resolution 2020-36R, approving amendments to the Affordable/Workforce Housing Policy regarding the criteria for approval of applications relating to the Low-Income Housing Tax Credit Program administered by the Texas Department of Housing and Community Affairs; and declaring an effective date.
Body
Meeting date: February 18, 2020

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 a Low-Income Housing Tax Credit (LIHTC) Policy as part of the Workforce / Affordable Housing Policy in March, 2017 with amendments in June, 2018, May, 2019, and November, 2019. This Policy includes criteria in order to determine whether a resolution of no objection will be recommended for consideration by the City Council. Please see the attached memo with a history of policy amendments.

Staff has included a summary of all low-income housing tax credit properties in San Marcos, including basic information such as the total number of housing tax credit properties that already exist, the status of each property, the age of each development, and basic metrics and staff input on how the program is addressing the City's housing needs. This information was provided to the Committee to provide context and guidance on the requests for a resolution of no objection for L...

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