PUBLIC HEARING to provide a Resolution of No Objection for two applicants seeking 4% Housing Tax Credits (HTCs) for the following multifamily developments:

Waters at Arrowood             8304 S. Course Drive             DISTRICT J

Coolwood Oaks                    777 Coolwood Drive               DISTRICT I

The Housing and Community Development Department (HCD) recommends Council approve a Motion establishing a date for a public hearing to provide a Resolution of No Objection for two applicants seeking 4% Housing Tax Credits (HTCs) for the following multifamily developments:

The TDHCA administers the state’s Housing Tax Credit program, which provides federal tax credits to spur the development of quality, affordable housing.

Per Texas Government Code Section 2306-67071, the governing body of the jurisdiction where a project is to be located must “hold a hearing …to solicit public input concerning the Application or Development” before a developer can submit an application for noncompetitive 4% tax credits.

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

HCD recommends a Motion to hold a Public Hearing on August 13, 2025, on the 4% Housing Tax Credit Resolution of No Objection.

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Roxanne Lawson

(832) 394-6307