The Housing and Community Development Department (HCDD) recommends Council approve a motion establishing a date for a public hearing to provide a Resolution of No Objection for the 4% tax credit application of The Arbor at Wayforest, L.P.
The TDHCA administers the state’s housing tax credit program, which provides federal tax credits to spur the development of quality, affordable housing.
Per Texas Government Code Section 2306-67071, the governing body of the jurisdiction where a project is to be located (including the City’s extraterritorial jurisdiction) must “hold a hearing …to solicit public input concerning the Application or Development” before a developer can submit an application for noncompetitive 4% tax credits.
HCDD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- Located in the Harris County Greater Greenspoint - Aldine CRA
- Not located in a floodway or 100-year floodplain
- None of the zoned schools are on the Texas Education Agency Improvement Required List
HCDD requests a Motion to hold a public hearing on October 2, 2019, on the 4% tax credit Resolution of No Objection.
The Housing and Community Affairs Committee reviewed this item on September 17, 2019.
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Tom McCasland, Director