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RESOLUTION NO. 2023-189R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING AMENDMENTS TO THE LOW- <br /> INCOME HOUSING TAX CREDIT ("LIHTC") POLICY SECTION OF <br /> THE AFFORDABLE/WORKFORCE HOUSING POLICY TO REDUCE <br /> THE REQUIRED PERCENTAGE OF UNITS UNDER 30 PERCENT OF <br /> THE AREA MEDIAN INCOME FROM 25 PERCENT TO 15 PERCENT; <br /> AND DECLARING AN EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The Affordable/Workforce Housing Policy is hereby amended to reduce the <br /> required percentage of units under 30 percent of the Area Median Income from 25 percent to 15 <br /> percent as reflected in the attachment hereto. <br /> PART 2. This resolution shall be in full force and effect immediately from and after <br /> its passage. <br /> ADOPTED on December 5, 2023. <br /> ane Hughson <br /> Mayor <br /> Attest: <br /> Eliz eth Trevino <br /> City Clerk <br />