Res 2020-036/approving amendments to the Affordable/Workforce Housing Policy regarding the criteria for approval of applications relating to the Low-Income Housing Tax Credit Program administered by the Texas Department of Housing and Community Affairs

Home Browse Search

ii. Identify areas appropriate for designation as a Local Efficient Area iii. Target incentives for development of affordable / workforce housing in LEAs. b. Improve energy efficiency to reduce housing costs. i. Continue energy audit and indoor water survey programs, maintain funding for energy efficiency rebate programs, and continue public education about programs ii. Utilize energy audits to identify low-income households with a history of very high utility bills whose energy use could be lowered through energy efficiency upgrades. Refer residents to available programs that assist with weatherization or other energy efficiency upgrades. LOW INCOME HOUSING TAX CREDIT POLICY (LIHTC) The City of San Marcos utilizes the following criteria in order to determine whether a resolution of support will be recommended for consideration by the City Council. Resolutions of Support Applications must meet at least 5 of the 8 criteria below, including criteria #1, in order to receive a staff recommendation for a Resolution of Support. Criteria 1. No exemption from local taxes may be considered unless the project meets the criteria listed below. The purpose of this criteria is to help increase the City's inventory of affordable units and ensure that units benefiting from the program are reserved for low income households that need them. a. A minimum of 10% of all units within the project shall be affordable to households at or below 30% percent of the AMI for the duration of the tax exemption. b. A minimum of 10% of the units affordable to households at or below 30% of the AMI shall be ADA accessible. c. A minimum of 35% of the units within a project that is not age -restricted shall include a minimum of three bedrooms in each unit. d. The project shall include these criteria in the Texas Department of Housing and Community Affairs Land Use Restriction Agreement (LURA). e. When considering a recommendation of support, projects must show proof that revenues will remain in San Marcos and will be utilized to support local residents with housing. 2. The proposed units address a housing need identified in this housing policy or in the City's current consolidated plan for HUD programs. 3. The project is located within a high or medium intensity zone on the preferred scenario map. 4. The project is not proposed to develop under a legacy district on the City's current zoning map. 5. The project is located within half (.5) mile walking distance from services such as grocery, medical facilities, and schools. 6. The project is located within one quarter (.25) mile walking distance of a proposed or existing bus stop on a current or planned transit route. If the project is not located within one quarter (.25) mile walking distance of a proposed or existing bus stop on a current or planned transit route, a private shuttle service for residents is provided in accordance with TDHCA requirements. A & WF Housing Policy 6 Adopted July 2014; Amended March 2017, June 2018, May 2019, November 2019, & February 2020