The Housing and Community Development Department (HCDD) recommends approval of a Resolution allowing construction of three properties applying for competitive 9% housing tax credits (HTCs) allocated by the Texas Department of Housing and Community Affairs (TDHCA) that will be located in a census tract that has a poverty rate above 40% for individuals.
9% HTC applicants that propose a development site located within a census tract that has a poverty rate above 40% for individuals must disclose such. Mitigation must be in the form of a resolution from the Governing Body of the appropriate municipality or county containing the development, referencing this rule and/or acknowledging the high poverty rate and authorizing the development to move forward. Three properties in this year’s round of applications for 9% HTC’s fit this criteria:
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Maury Street Lofts located at 2918 Elysian Street in District H is a proposed 86-unit development for families. The applicant is CSH Maury Street Lofts, Ltd.
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Houston at Ella Boulevard located at SE Quadrant of Rushcreek Drive and Ella Boulevard in District B is a proposed 146-unit development for families. The applicant is Houston Ella Boulevard, Ltd.
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Coral Hills located at 6363 Beverly Hill Street in District J is a proposed substantial rehabilitation of an existing 49-year-old 172-unit development for families. The applicant is EC Coral Hills, LLC
Based on the initiatives being taken within the Near Northside Complete Community and TIRZ #11 Greenspoint, the need for the substantial rehabilitation of Coral Hills, an existing 172-unit apartment complex, HCDD recommends that Council approve the resolution allowing construction of these properties.
This item was reviewed by the Housing and Community Affairs Committee on January 25, 2022.
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Keith W. Bynam, Interim Director