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Res 2020-164/providing no objection to the submission of an application for low income housing tax credits to the Texas Department of Housing and Community Affairs for the proposed Redwood Multifamily Housing Project located in the 1600 block of Redwood
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Res 2020-164/providing no objection to the submission of an application for low income housing tax credits to the Texas Department of Housing and Community Affairs for the proposed Redwood Multifamily Housing Project located in the 1600 block of Redwood
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Resolutions
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2020-164
Date
8/4/2020
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b. The project will provide a minimum of 5 units (16.6 %) that are ADA <br />accessible and affordable to households at or below 30% AMI; <br />C. The project will provide a minimum of 116 (39% of all units) three-bedroom <br />units; and <br />d. The project shall include these criteria in the Texas Department of Housing <br />and Community Affairs Land Use Restriction Agreement. <br />6. The Applicant has demonstrated that the Project complies with the City of San Marcos <br />Affordable Housing Policy pertaining to consideration of Low Income Housing Tax Credit projects <br />by meeting at least five of the eight necessary criteria as follows: <br />a. No exemption from taxes may be considered unless the project meets the <br />necessary criteria; <br />b. The Project will address a housing need by providing 30 units for those making <br />30% or less of area median income and 296 units for those making 60% or less area median <br />income. The Project will be located in close proximity to major San Marcos employers. The <br />Project will meet all applicable development standards in the San Marcos Development Code, <br />sidewalks will be required along all public streets, and pedestrian connections will be made <br />within the Project boundaries; <br />C. The Project is located in the Medical District Medium Intensity Zone; <br />d. The Project is proposed to develop under Character District -4 (CD -4) zoning <br />designation; <br />e. The Project is not located within one quarter mile walking distance of a <br />proposed or existing bus stop on a current or planned transit route and will provide a private <br />shuttle service for residents in accordance with TDHCA restrictions; and <br />f. The Project will incorporate wraparound services that provide flexible <br />voluntary social, economic, or education benefits to the residents. Incorporated services will <br />utilize local support services and resources, meet the needs of the local community, and <br />exceed the minimum Texas Department of Housing & Community Affairs requirements for <br />amenities. The Project will incorporate the listed common amenities and resident support <br />services: <br />i. Controlled gate access for entrance and exit areas, twenty-four hour, <br />seven days a week monitored camera/security system in each building, twenty-four <br />hour, seven days a week recorded camera/security system in each building, courtesy <br />patrol service, furnished fitness center with one item for every 20 units, children's <br />playscape, swimming pool, full perimeter fencing that includes parking areas and all <br />amenities, a resident -run community garden, gazebo or covered pavilion with a sitting <br />area, community laundry room, barbecue grill(s) and picnic table(s), business center, <br />furnished community room, activity room stocked with supplies, community dining <br />room, community theater room, high-speed wi-fi with coverage throughout the <br />
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