Posting Language
Title
Approve a resolution related to an application by Pathways at Santa Rita Courts West, LP, or an affiliated entity, for competitive 9% Low Income Housing Tax Credits for reconstruction of a development to be known as Pathways at Santa Rita Courts West, located at or near 2210 East 2nd Street, Austin, Texas 78702, and related to the allocation of housing tax credits within the City and near the proposed development. Funding: This item has no fiscal impact.
De
Lead Department
Housing Department.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
February 01, 2024 - Council approved Resolution No. 20240201-019 related to an application by Pathways at Santa Rita Courts West, LP, or an affiliated entity, for competitive 9% Low Income Housing Tax Credits for a new construction development to be known as Pathways at Santa Rita Courts West, located at or near 2210 East 2nd Street, Austin, Texas 78702, and related to the allocation of housing tax credits within the City's jurisdiction and near the proposed development.
For More Information:
Mandy DeMayo, Interim Director, Housing Department, 512-974-1091.
Additional Backup Information:
Pathways at Santa Rita Courts West, LP, or an affiliated entity, will submit an application to the Texas Department of Housing and Community Affairs (TDHCA) for competitive 9% Low Income Housing Tax Credits. The applicant will receive a certain number of points based on Council's action. During the TDHCA scoring process, an application that receives a resolution of support will receive more points than an application that receives a resolution of no objection.
Staff recommends that Council support the proposed development because the proposed development is located in a displacement risk area and is a rehabilitation of an existing affordable housing community.
The resolution also acknowledges and confirms statements related to the location of the proposed development as required by the TDHCA. S...
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