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 three 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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Construction Type
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Target Population
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24403
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The Arboretum at Woodland Hills
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SEC of FM 1960 & Woodland Hills D
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New Construction
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Family
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24435
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Chisholm Trail Apartments
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18204 Chisholm Trail
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Acquisition/Rehab
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Family
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TBD
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Willow Creek Manor
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SEC Cossey Rd and Huffman-Kohrville Rd
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New Construction
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Family
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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 non-competitive 4% tax credits.
HCD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- The Arboretum at Woodland Hills - low poverty concentration
- Chisolm Trail Apartments - preservation of affordable housing
- Willow Creek Manor - low poverty concentration
HCD recommends a Motion to hold a public hearing on April 10, 2024, on the 4% Housing Tax Credit Resolution of No Objection.
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Michael C. Nichols, Interim Director