The Housing and Community Development Department (HCD) recommends Council approve a Resolution of No Objection for three applicants seeking 4% Housing Tax Credits (HTCs) for the multifamily developments listed below:
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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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24703
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Independence Heights II
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222 Crosstimbers St
|
H
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New Construction
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Family
|
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25413
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Sunflower Terrace
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5050 Sunflower St
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D
|
Rehab/Recon
|
Family
|
|
25410
|
Regency Park
|
10600 Southdown Trace Trail
|
E
|
Rehab/Recon
|
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.
HCD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- Independence Heights II – Not located in floodway or 100-year floodplain
- Sunflower Terrace – Preservation of affordable housing
- Regency Park – Preservation of affordable housing
A public hearing on this Resolution was held on April 9, 2025.
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Michael Nichols, Director