(R)2019-0032 RESOLUTION expressing no objection to an application for non-competitive 4% Federal Tax Credits for the development of the ARBOR AT WAYFOREST, an Affordable Housing Community to be located south of the intersection of Wayforest Drive and Richcrest Drive in the extraterritorial jurisdiction of the City of Houston, Texas

The Housing and Community Development Department (HCDD) recommends Council approve 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.

In order to apply for the 4% tax credits, the developer must present a Resolution of No Objection from the governing body of the jurisdiction in which the development is located (including the City’s Extraterritorial Jurisdiction).

HCDD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:

• Located in 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's Improvement Required List

A public hearing on this Resolution was held on October 2, 2019.

The Housing and Community Affairs Committee reviewed this item on September 17, 2019.

___________________________________

Tom McCasland, Director

Roxanne Lawson

Phone: (832) 394-6307