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Res 2022-054R/Approving amendment to the low-income housing tax credit LIHTC policy section of the affordable workforce housing policy to clarify the process
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Res 2022-054R/Approving amendment to the low-income housing tax credit LIHTC policy section of the affordable workforce housing policy to clarify the process
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8/1/2022 11:45:15 AM
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5. The project is located within half (.5) mile walking distance from services such as grocery, medical <br />facilities, and schools. <br />6. The project is located within one quarter (.25) mile walking distance of a proposed or existing bus stop <br />on a current or planned transit route. If the project is not located within one quarter (.25) mile walking <br />distance of a proposed or existing bus stop on a current or planned transit route, a private shuttle <br />service for residents isprovided inaccordance with TDHCArequirements. <br />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 />oreducation benefits tothe residents. Proposed support services should: <br />a. Meet the needs of the local community; <br />b. Utilize local support services and resources; <br />c. Exceed the minimum TDHCArequirements for amenities; and <br />d. Submit to the City the Project's TDHCA Application for Low Income Housing Tax Credits and <br />includes the list of amenities in the Project's Land Use Restriction Agreement (LURA). <br />Additional Consideration.s. <br />int tn t6ip critprk�. outlined above. the follou/in considered b staff and the Work -force Flo <br />Affordable &VVordiorcePHousing Policy 7 <br />Adopted July 2D14;Amended March 2017/�.]una2O1 <br />
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