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RESOLUTION NO. 2018-118R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING AMENDMENTS TO THE <br /> AFFORDABLE/WORKFORCE HOUSING POLICY RELATING TO THE <br /> DEFINITION OF WORKFORCE HOUSING AND THE CRITERIA FOR <br /> THE LOW INCOME HOUSING TAX CREDIT POLICY; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. The City Council approved an Affordable/Workforce Housing Policy in July, <br /> 2014. <br /> 2. The City Council amended the Affordable/Workforce Housing Policy in March, <br /> 2017 to include a provision relating to a Low Income Housing Tax Credit Policy. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The Affordable/Workforce Housing Policy is hereby amended to reflect an <br /> updated definition of the term "Workforce Housing" to be consistent with the definition of the <br /> term "Area Median Income' and to amend the criteria for the Low Income Housing Tax Credit <br /> Policy as reflected in Exhibit A. <br /> PART 2. This Resolution shall be in full force and effect immediately from and <br /> after its passage. <br /> ADOPTED on June 19, 2018. <br /> Qaides <br /> Mayor <br /> ill <br /> Jamie .ee Case <br /> City C •rk <br />