R2019-0637 RESOLUTION confirming No Objection to an application for non-competitive 4% Federal Tax Credits for development of certain properties as Affordable Rental Housing, 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:

Northwood Apartments       LDG Northwood, LP                Eastex Frwy & Hamill Rd

Richcrest Apartments         AMTEX Richcrest Fund, LP     Imperial Valley Dr & Richcrest

The Housing and Community Development Department (HCDD) recommends Council approve a Resolution of No Objection for two applicants seeking 4% Housing Tax Credits (HTCs) for the multifamily developments listed below:

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 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

A public hearing on this Resolution was held on December 11, 2019.

The Housing and Community Affairs Committee reviewed this item on November 19, 2019

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Tom McCasland, Director

Roxanne Lawson

(832) 394-6307