Item Coversheet

CITY OF HOUSTON - CITY COUNCIL

Meeting Date: 2/13/2018
ETJ
Item Creation Date: 1/26/2018

HCD18-12 Resolutions of No Objection for HTC transactions within Houston's Extraterritorial Jurisdiction (ETJ)

Agenda Item#: 5.


 
                               
Summary:

RESOLUTION confirming no objection to the proposed development as affordable rental housing of certain properties, each located in the extraterritorial jurisdiction of the City of Houston, Texas, or having been annexed into the City of Houston only for limited purposes, or to the submittal of applications for Housing Tax Credits for such developments

Background:

The Housing and Community Development Department (HCDD) recommends approval of a Resolution of No Opposition for three applications in the Houston’s ETJ for competitive 9% housing tax credits (HTCs) allocated by the Texas Department of Housing and Community Affairs (TDHCA). Numerous applications are submitted to TDHCA and the amount of available 9% HTCs is limited.  It will not be known which, if any, of these project(s) will receive HTCs until the end of July 2018 when awards are announced.

 

Only preliminary information is available regarding the applications and HCDD has not underwritten this project for financial viability. The following applications did not meet a minimum threshold to receive a Resolution of Support. However, the transactions meet HCDD’s Minimum Standards. These standards outline certain requirements to prevent development within flood prone areas without adequate flood design, poverty thresholds and school performance. 

 

The project(s) listed below have achieved the threshold and qualify for a Resolution of No Opposition.

 

 

Application Number

Development Name

Development Address

County

Target Population

1

18331

Greens at Mission Bend

NWC of Beechnut St. and Lobera Dr.

Fort Bend

Family

2

18025

The Vireo

SWC Tidwell Rd and CE King Parkway

Harris

Family

 

The details of this request were presented to the Housing and Community Affairs Committee on January 31, 2018.

 

 

 

 

___________________________________

Tom McCasland, Director


Contact Information:

Roxanne Lawson

(832) 394-6307

ATTACHMENTS:
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