HomeMy WebLinkAboutResolution 3529-09-2007A Resolution
NO 3529-09-2007
BY THE FORT WORTH CITY COUNCIL REQUESTING THE
TEXAS MUNICIPAL LEAGUE TO SEEK INTRODUCTION OF
OR SUPPORT LEGISLATION REGARDING CHANGES IN THE
HOUSING TAX CREDIT PROGRAM QUALIFED ALLOCATION
PLAN AND RULES WITH AMENDMENTS
WHEREAS, the Texas Municipal League (TML) will hold its annual conference on November
6-9 2007 in Austin, Texas, and will consider resolutions supported by TML members and affiliates in
anticipation of the 2009 state legislative session, and
WHEREAS, recent trends continue to indicate that mixed income properties, that is properties
which combine market rate housing units with a portion of units available for families earning less than
60% of a geographic area s median income, are needed and desired m many city neighborhoods, and
WHEREAS, Texas cities, m response to the urgent need of quality affordable housing, are
requesting changes to the Housing Tax Credit Program Qualified Allocation Plan and Rules with
Amendments (QAP) administered by the Texas Department of Housing and Community Affairs
(TDHCA) and
WHEREAS, the current QAP as administered by TDHCA provides the maximum number of
points only for projects that have 100% of units dedicated to families earning less than 60% of area
median income, so proposals for mixed income tax credit projects are, therefore, at a significant
disadvantage and
WHEREAS, the federal Low Income Housing Tax Credit (LIHTC) requirements allow
flexibility regarding mixed income properties by authorizing tax credits for properties that have either
40% of units affordable at 60% of Area Median Gross Income (AMGI) or 20% of units affordable at
50% of AMGI, however the TDHCA has elected not to utilize this flexibihty• and
WHEREAS Texas cities are requesting that the QAP be modified to provide the maximum
points available to applicants whose development proposals meet the minimum federal LIHTC
requirement of either 40% of units affordable at 60% of AMGI or 20% of units affordable at 50% of
AMGI, thereby placing truly mixed income housing properties on an even, competitive footing with
other project proposals.
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Resolution No 3529-09-2007
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS, HEREBY RESOLVES
1 To request that the Texas Municipal League seek introduction of or support legislation that
would authorize the Texas Department of Housing and Community Affairs to modify the
Housing Tax Credit Program Qualified Allocation Plan and Rules with Amendments to
authorize preferences m scoring for mixed income properties.
2. That the City Manager is authorized to forward a copy of this resolution to Mr Frank Sturzl,
Executive Director of the Texas Municipal League
Adopted this 18th day of September 2007
ATTEST
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APPROVED
CITY CQUNCIL
S F P ~ 8 2007
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City Secretary of the
City of Fozt Worth, Texas