Item Coversheet

CITY OF HOUSTON - CITY COUNCIL

Meeting Date: 11/6/2024
ETJ
Item Creation Date: 9/30/2024

HCD24-108 4% HTC Resolution of No Objection Enclave on Louetta

Agenda Item#: 16.


 
                               
Summary:

RESOLUTION confirming No Objection to proposed development of certain properties as Affordable Rental Housing, each located in the Extraterritorial Jurisdiction of City of Houston, Texas, or having been annexed into the City of Houston only for limited purposes, and the submittal of applications for Non-Competitive 4% Housing Tax Credits for such development 

Background:

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:

 

TDHCA APP#

Development Name

Development Address

 Total Units

Construction Type

Target Population

24481

Enclave on Louetta

2324 Louetta Rd Spring,TX 77388

 358 at

60% AMI

New Construction

Family

 

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.

 

 

___________________________________

Michael Nichols, Director

Contact Information:

Roxanne Lawson, Division Manager

Housing and Community Development Department

Phone: (832) 394-6307
ATTACHMENTS:
DescriptionType
Cover SheetSigned Cover sheet