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 two multifamily developments listed below:
TDHCA APP#
|
Development Name
|
Development Address
|
Construction Type
|
Target Population
|
25409
|
Lancaster Apartments
|
20100 Park Row Drive
|
Rehab/Recon
|
Family
|
25411
|
Sugar Creek
|
11501 West Road
|
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 (including the City’s extraterritorial jurisdiction).
HCD has performed a threshold review and recommends a Resolution of No Objection for the following reasons:
- Lancaster Apartments - preservation of affordable housing
- Sugar Creek – preservation of affordable housing
A public hearing on this Resolution was held on April 9, 2025.
___________________________________
Michael C. Nichols, Director