Upcoming Agenda Items: Authorize Resolution of Support and a $500.00 line of credit for ten (10) applications to the Texas Department of Housing and Community Affairs (TDHCA) for 2026 9% Low Income Housing Tax Credits (LIHTC) Applications for the following affordable housing developments: Bella Limon: 4311-4329 Belmont Avenue; Rosette Park: 308 E 8th Street and 409 E 9th Street; The Broderick: 12800 Coit Road; The Cottages at Big Cedar: North Quadrant of Mountain Creek Parkway and Eagle Ford Drive; The Pemberton at Dennis: 11301 Dennis Road; The Eleanor: 7030 W Wheatland Road; Sorcey Road Apartments: 8605 Sorcey Road; Apex at Westmount: 1228 Westmount Avenue; Shiloh Lofts: 10810 Shiloh Road; Reserve at Augustine: 115 S St Augustine Road [Thor Erickson, Director, Office of Housing and Community Empowerment]
Summary
The City Council is considering authorizing a Resolution of Support and a $500.00 line of credit for ten (10) applications seeking 2026 9% Low Income Housing Tax Credits (LIHTC) from the Texas Department of Housing and Community Affairs (TDHCA). These credits are crucial for financing affordable housing developments. The applications represent projects across various council districts, including:
- Bella Limon: 4311-4329 Belmont Avenue
- Rosette Park: 308 E 8th Street and 409 E 9th Street
- The Broderick: 12800 Coit Road
- The Cottages at Big Cedar: North Quadrant of Mountain Creek Parkway and Eagle Ford Drive
- The Pemberton at Dennis: 11301 Dennis Road
- The Eleanor: 7030 W Wheatland Road
- Sorcey Road Apartments: 8605 Sorcey Road
- Apex at Westmount: 1228 Westmount Avenue
- Shiloh Lofts: 10810 Shiloh Road
- Reserve at Augustine: 115 S St Augustine Road
The $500 line of credit is a nominal amount required by TDHCA to qualify for additional points in their competitive application process. The Resolutions of Support signal the city's endorsement of these projects, which are intended to provide much-needed affordable housing units.
This action supports the development of ten new affordable housing projects across the city, which will increase the availability of housing options for low-to-moderate income residents. The $500 line of credit is a procedural requirement with no direct financial impact on residents.
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