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Res 2019-093/approving amendments to the Affordable/Workforce Housing Policy relating to the criteria for the City Council’s consideration of support for low-income housing tax credit projects by adding a criterion for a project that includes support ser
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Res 2019-093/approving amendments to the Affordable/Workforce Housing Policy relating to the criteria for the City Council’s consideration of support for low-income housing tax credit projects by adding a criterion for a project that includes support ser
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Resolutions
City Clerk - Type
Amendment
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2019-93
Date
5/21/2019
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ii. Identify areas appropriate for designation as a Local Efficient Area <br />iii. Target incentives for development of affordable / workforce housing in LEAs. <br />b. Improve energy efficiency to reduce housing costs. <br />i. Continue energy audit and indoor water survey programs, maintain funding for energy <br />efficiency rebate programs, and continue public education about programs <br />ii. Utilize energy audits to identify low-income households with a history of very high utility <br />bills whose energy use could be lowered through energy efficiency upgrades. Refer <br />residents to available programs that assist with weatherization or other energy efficiency <br />upgrades. <br />LOW INCOME HOUSING TAX CREDIT POLICY (LIHTC) <br />The City of San Marcos utilizes the following criteria in order to determine whether a resolution of support will <br />be recommended for consideration by the City Council. <br />Resolutions of Support <br />Applications must meet at least 6 of the 9 criteria below, including criteria #1, 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'scurrent <br />consolidated plan for HUD programs. <br />3. The project is located within a high or medium intensity zone on the preferred scenario map. <br />4. The project is not proposed to develop under a legacy district on the City's current zoning map. <br />5. The project is located within half a mile (.5) walking distance from services such as grocery, medical <br />facilities, and schools. <br />6. The project 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 />9. The project incorporates wraparound support services that provide flexible voluntary social, economic, <br />or education benefits to the residents. <br />A & WF Housing Policy 6 Adopted July 2014 <br />Amended March 2017, June 2018 & May 2019 <br />
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