HomeMy WebLinkAbout(0006) IR 10294 - Projects Awarded 2019 Comp 9 percent Housing Tax CreditsINFORMAL REPORT TO CITY COUNCIL MEMBERS
No. 10294
To the Mayor and Members of the City Council August 6, 2019
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*a SUBJECT: PROJECTS AWARDED 2019 COMPETITIVE 9% HOUSING TAX
rrA CREDITS IN THE CITY OF FORT WORTH
On February 12, 2019, the City Council approved M&C G-19489, which gave Resolutions of Support to
seven projects which were applying for 2019 competitive 9% housing tax credits through the Texas
Department of Housing and Community Affairs (TDHCA).
Those projects included:
1. Avenue at Sycamore Park
2. Churchill at Golden Triangle Community
3.
Palladium Fain Street
4.
Everly Plaza
5.
Cielo Place
6.
Sunset at Fash Place
7.
Reserve at Risinger
On July 25, 2019, at the monthly TDHCA board meeting, allocations were awarded to the highest scoring
applicants. There were four projects in Fort Worth which received allocations of the 9% housing tax
credits. The four projects awarded are:
Churchill at Golden Triangle Community to be developed by Churchill at Golden Triangle Community,
L.P., an affiliate of Churchill Senior Residential, LLC, to be located in the 11000 block of Metroport Way
(Council District 7). The site for the proposed development is zoned "PD" - Planned Development with a
base of "C" - Medium Density Multifamily.
Everly Plaza to be developed by Everly Plaza, LLC, an affiliate of Saigebrook Development, LLC and O-
SDA Industries, LLC, to be located at 1801 8th Avenue (Council District 9). The site for the proposed
development is zoned "NS — T4" — Near Southside, which allows multifamily with design standards.
Cielo Place to be developed by Cielo Place, LLC, an affiliate of Saigebrook Development, LLC and O-
SDA Industries, LLC, to be located at 3101 Race Street (Council District 9). The site for the proposed
development is zoned "MU-1" —Low Intensity Mixed -Use and "CF" —Community Facilities. A request to
change the zoning for the portion zoned "CF" to "MU-1" has been heard by the Zoning Commission and
appears on the agenda for the City Council's August 6 meeting. Staff anticipates that the applicant will
request a continuance of this zoning case to August 27.
Sunset at Fash Place to be developed by Sunset at Fash Place, LLC, an affiliate of Saigebrook
Development, LLC and O-SDA Industries, LLC, to be located at 2504 Oakland Boulevard (Council
District 8). The site for the proposed development is zoned "PD" - Planned Development with a base of
"C" - Medium Density Multifamily.
For further information about these projects, please contact Chad LaRoque at 817-392-2661 or Sonia
Singleton at 817-392-5774.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS