The Housing and Community Development Department (HCD) 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 Bissonnet Apartments Limited Partnership.
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 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.
HCD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- Located in the Alief-Westwood Complete Community
- Not located in a floodway or 100-year floodplain
HCD requests a Motion to hold a public hearing on October 4, 2023, on the 4% tax credit Resolution of No Objection.
This item was reviewed by the Housing and Community Affairs Committee on September 19, 2023.
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Keith W. Bynam, Director