HomeMy WebLinkAboutResolution 3178-03-2005A Resolution
No 317 8'- 43- ~~
Request for Waiver from the One Mile Rule for Low Income Housing Tax
Credit Application
Whereas, the City of Fort Worths 2004 Comprehensive Plan is supportive of the preservation,
improvement, and development of affordable rental and ownership housing;
Whereas, the City of Fort Worths 2003-2005 Consolidated Plan makes the development of
affordable rental housing for the elderly a high pnonty
Whereas, Oak Timbers Fort Worth South, LP has applied for a Low Income Housing Tax
Credit ("LIHTC") award for the construction of 168 units of affordable multifamily housing for the
elderly wrthm one (1) mile of an existing LIHTC recipient;
Whereas, the 2005 State of Texas Qualified Action Plan states that LIHTC applicants may not
be wrthm one (1) mile of an existing recipient for a period of three (3) years; and
Whereas, the 2005 State of Texas Qualified Action plan further states that this one (1) mile rule
maybe waived by vote of the local~unsdichon.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS that the City of Fort Worth requests that the State of
Texas Qualified Action Plan one (1) mile rule be waived for Oak Timbers Fort
Worth South, LP and that the Low Income Housing Tax Credit Application for its
proposed multifamily housing project for the elderly to be located at 300 East
Terrell Fort Worth, Texas be evaluated on its own merits without regard to the
project s proximity to an existing LIHTC recipient
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Adopted this ~~'~`_~ _ day of -____-- -- _ 2005
ATTEST
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By
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Marty Hendrix City Secretary
APPROVED
CITY COUNCIL
MAR 2 4 2005
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City Secretary of the
City of Fort Worth, Texas
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