The Housing and Community Development Department (HCD) recommends Council approve a Resolution of No Objection for an applicant seeking 4% Housing Tax Credits (HTCs) for the following multifamily development:
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TDHCA APP#
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Development Name
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Development Address
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Total Units |
Construction Type
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Target Population
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24481
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Enclave on Louetta
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2324 Louetta Rd Spring,TX 77388
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358 at
60% AMI
|
New Construction
|
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.
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).
HCD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- Zoned schools have met standards
- Not located in 100-year flood plain
- Poverty concentration below 25%
A public hearing on this Resolution was held on October 30, 2024.
This item was reviewed by the Housing and Affordability Committee on October 15, 2024.
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Michael Nichols, Director