Res 2024-044 LIHTC-23-01 Roers Multifaily providing no objection to the submission of an application for Low Income Housing Tax Credits located at intersection between Old Bastrop and State Highway 123

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Affordable Housing Policy pertaining to consideration of Low Income Housing Tax Credit projects by meeting at least five of the eight necessary criteria as follows: a. The project is not requesting an exemption from local taxes; b. The Project will address a housing need by providing 348 units for those making at or below 60% of the area median income. C. The Project is proposing to develop under a non -Legacy zoning district; d. The Project is not located within one quarter mile walking distance of an existing bus stop on a current transit route, however the applicant has conunitted to provide a private shuttle service for residents in accordance with TDHCA requirements. ; 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. Furnished fitness center, two children's playscape with shade or awning, swimming pool, gazebo, enclosed community sun porch or covered community porch/patio; fully enclosed dog park; multifunctional learning and care center(s), Service provider office in addition to leasing offices; full perimeter fencing with controlled gate access for entrance and exit areas; Business center with workstations and seating internet access, 1 printer and at least one scanner which may be integrated with the printer, and either 2 desktop computers or laptops available to check-out upon request; furnished community room; Activity Room stocked with supplies (Arts and Crafts, board games, etc.); High-speed Wi-Fi with advanced telecommunications capacity as determined under 47 U.S.C. 1302 or more with coverage throughout the clubhouse or community building; Shuttle, at least three days a week, to a grocery store and pharmacy or a major, big -box retailer that includes a grocery store and pharmacy; monthly transportation to community/social events such as mall trips, community theatre, bowling and organized tours; weekly exercise classes (offered at times when most residents would be likely to attend); Notary Services during regular business hours, and Twice monthly on-site social events (i.e. potluck dinners, game night, sing -a -longs, movie nights, birthday parties, holiday celebrations, etc.). 7. The Workforce Housing City Council Committee has reviewed the Project and recommends approval.