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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
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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
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3/24/2020 1:42:37 PM
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Resolutions
City Clerk - Type
Amending
Number
2020-36
Date
2/18/2020
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7. The project is renovating or redeveloping an existing multifamily complex or under -performing <br />development. <br />8. The project incorporates wraparound support services that provide flexible voluntary social, economic, <br />or education benefits to the residents. The project should meet the following criteria and will be <br />considered in the analysis of whether criteria 8 is met: <br />a. Proposed support services shall meet the needs of the local community; <br />b. The project shall utilize local support services and resources; <br />c. The project shall exceed the minimum TDHCA requirements for amenities; <br />d. The project shall submit to the City the Project's TDHCA Application for Low Income Housing <br />Tax Credits and includes the list of amenities in the Project's Land Use Restriction Agreement <br />(LU RA). <br />e. The project shall submit surety documentation to the City that the proposed support services <br />will be included in the completed project. Projects will be required to submit documentation <br />such as a Memorandum of Understanding (MOU) or any other legal documentation indicating <br />the partnership between the project and the support service. Such documentation shall be <br />required prior to the issuance of a Certificate of Occupancy for the project. <br />A & WF Housing Policy 7 <br />Adopted July 2014; Amended March 2017, June 2018, May 2019, November 2019, & February 2020 <br />
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