The Housing and Community Development Department (HCD) recommends Council approve a Resolution of No Objection for two applicants seeking 4% Housing Tax Credits (HTCs) for two multifamily developments listed below:
TDHCA APP#
|
Development Name
|
Development Address
|
Council District
|
Construction Type
|
Target Population
|
25600
|
Waters at Arrowood
|
8304 S. Course Drive
|
J
|
Rehab
|
Family
|
25461
|
Coolwood Oaks
|
777 Coolwood Drive
|
I
|
Rehab
|
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:
- Waters at Arrowood – Preservation of affordable housing
- Coolwood Oaks – Preservation of affordable housing
A public hearing on this Resolution was held on August 13, 2025.
___________________________________
Michael Nichols, Director