Res 2024-020 providing support for the submission of an application for Low Income Housing Tax Credits (LIHTC) to the Texas Department of Housing and Community Affairs for Riverview Apartments located at 601 River Road

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b. The Project will address a housing need identified in the approved Affordable / Workforce Housing Policy by investing in the City's aging housing stock in an older neighborhood in an effort to maintain the property in good condition. The revitalization and rehabilitation further address the need for more diversity of housing units due to the property's 40 Section 8 units; e. The Project is within one quarter mile of the Conway bus route#4; d. The Project is renovating an existing multifamily complex; and e. The Project will incorporate wraparound services that provide flexible voluntary social, economic, or education benefits to the residents. Incorporated services will utilize local support services and resources, meet the needs of the local community, and exceed the minimum Texas Department of Housing & Community Affairs requirements for amenities. The Project will incorporate the listed common amenities and resident support services: i. Sport court, Community laundry room,High speed internet service to all units, Covered carport parking, 16 SEER HVAC, EPA Watersense toilets, Supportive services will include K-12 after-school tutoring program on site, adult and family skills classes, on-site social events, monthly arts and crafts and other recreational activities. 6. The Workforce Housing City Council Committee has reviewed the Project and unanimously recommended approval of the request. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The San Marcos City Council finds the Recitals to be true and correct and adopts them as the findings of the City Council and incorporates them as part of this resolution. PART 2. After due consideration of the findings of the City Council as stated in the Recitals,the information provided by the Applicant and any public comment,the City of San Marcos, Texas supports the proposed application for the Project to the TDHCA, and confirms that the City Council has voted specifically to support the submittal of applications for the Project and to authorize an allocation of Housing Tax Credits for the Project pursuant to Texas Government Code §2306.6703(a)(4). PART 3. The San Marcos City Council hereby agrees to provide a reduced building permit fee in the amount of$500. PART 4. For and on behalf of the City Council, the Mayor or the City Clerk are each authorized to certify one or more copies of the attached Revitalization Efforts Letter to TDHCA.