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LOW INCOME HOUSING TAX CREDIT POLICY(LIHTC}The City of San Marcos utilizes the following criteria in <br /> order to determine whether a resolution of support will be recommended for consideration by the City <br /> Council. <br /> Resolutions of Support <br /> Applications must meet at least 5 of the 8 criteria below, including criteria 81, in order to receive a staff <br /> recommendation for a Resolution of Support. <br /> Criteria <br /> 1. No exemption from local taxes is provided <br /> 2. The proposed units address a housing need identified in this housing policy or in the City's current <br /> consolidated plan for HUD programs. <br /> 3. The proiect is located within a high or medium intensity zone on the preferred scenario map. <br /> 4. The proiect is not proposed to develop under a legacy district on the City's current zoning map. <br /> 5. The proiect is located within half a mile (.5)walking distance from services such as grocery, medical <br /> facilities,and schools. <br /> 6. The proiect is located within one quarter mile (.25)walking distance of a proposed or existing bus stop <br /> on a current or planned transit route. <br /> 7. The project is renovating or redeveloping an existing multifamily complex or under-performing <br /> development. <br /> 8. The project is mixed income and provides at least 20%market rate units. <br /> A&WF Housing Policy 8 Adopted July 2014;Amended March 2017&June 2018 <br />