The Housing and Community Development Department (HCD) recommends approval of a Resolution allowing construction of Trinity East Senior, applying for competitive 9% Housing Tax Credits (HTCs) allocated by the Texas Department of Housing and Community Affairs (TDHCA) to be located in a census tract that has greater than 20% HTC units per total households.
9% HTC applicants that propose a development site that is located in a census tract that has more than 20% HTC units per households as reflected in TDHCA’s current Site Demographic Characteristics Report will be considered ineligible, unless the Governing Body of the appropriate municipality has no objection to the application. Mitigation must be in the form of a Resolution from the Governing Body containing the development, referencing this rule and authorizing the development to move forward.
Based on the initiatives being taken within the Third Ward Complete Community and Third Ward Choice Neighborhoods Implementation Plan, HCD recommends that Council approve the Resolution allowing construction of Trinity East Senior.
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Michael Nichols, Director