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 two applicants seeking 4% Housing Tax Credits (HTCs) for the following multifamily developments:
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TDHCA APP#
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Development Name
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Development Address
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Council District
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Construction Type
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Target Population
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24448
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Cordova Apartments
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6160 Madden Ln
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D
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New Construction
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Senior
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24441
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New Hope Housing Avenue C
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7501 Harrisburg Blvd
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I
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New Construction
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Senior
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The TDHCA administers the State of Texas’ 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 non-competitive 4% tax credits.
HCD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- Cordova Apartments is located in TIRZ 8 - Gulfgate
- New Hope Housing Avenue C is located in Magnolia Park – Manchester Complete Community
HCD recommends a Motion to hold a public hearing on April 10, 2024, on the 4% tax credit Resolution of No Objection.
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Michael Nichols, Interim Director