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 two applicants seeking 4% Housing Tax Credits (HTCs) for the following multifamily developments located in the City’s extraterritorial jurisdiction:
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Property Name
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Tax Credit Applicant
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Type of Project
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Number of Units
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Location
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|
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Northwood Apartments
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LDG Northwood, LP
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New
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288
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Eastex Frwy & Hamill Rd
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|
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Richcrest Apartments
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AMTEX Richcrest Fund, LP
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New
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288
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Imperial Valley Dr & Richcrest
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|
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 Concerted Revitalization Area
- 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 December 11, 2019, on the 4% tax credit Resolution of No Objection.
The Housing and Community Affairs Committee reviewed this item on November 19, 2019.
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Tom McCasland, Director