HomeMy WebLinkAbout(0113) FINAL Provision at Fort Worth.PDFA Resolution
NO.
SUPPORTING A HOUSING TAX CREDIT APPLICATION FOR PROVISION AT FORT
WORTH AND COMMITTING DEVELOPMENT FUNDING
WHEREAS, the City's 2019 Comprehensive Plan is supportive of the preservation,
improvement, and development of quality, affordable, accessible housing;
WHEREAS, the City's 2018-2022 Consolidated Plan makes the development of quality,
affordable, accessible rental housing units for low income residents of the City a high priority;
WHEREAS, Provision at Fort Worth, LP, an affiliate of Gardner Capital , has proposed a
development for affordable mixed income multifamily rental housing named Provision at Fort Worth to
be located at the north side of east Rendon Crowley Road approximately 800 ft. east of Old Hwy 1187
in the City of Fort Worth;
WHEREAS, Provision at Fort Worth, LP has advised the City that it intends to submit an
application to the Texas Department of Housing and Community Affairs ("TDHCA") for 2020
Competitive (9%) Housing Tax Credits for the Provision at Fort Worth apartments, a new complex
consisting of approximately 120 units, of which at least ten percent (10%) of the total units will be set
aside for households earning at or below thirty percent (30%) Area Median Income and at least ten
percent (10%) of the total units will be market rate units;
WHEREAS, TDHCA's 2020 Qualified Allocation Plan ("QAP") provides that an application
for Housing Tax Credits may receive seventeen (17) points for a resolution of support from the
governing body of the jurisdiction in which the proposed development site is located; and
WHEREAS, the QAP also states that an application may receive one (1) point for a commitment
of development funding from the city in which the proposed development site is located.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
The City of Fort Worth, acting through its City Council, hereby confirms that it supports the
application of Provision at Fort Worth, LP to the Texas Department of Housing and Community Affairs
for 2020 Competitive (9%) Housing Tax Credits for the purpose of the development of the Provision at
Fort Worth apartments to be located at the north side of east Rendon Crowley Road approximately 800
ft. east of Old Hwy 1187 (TDHCA Application No. 20149), and that this formal action has been taken to
put on record the opinion expressed by the City Council of the City of Fort Worth.
The City of Fort Worth, acting through its City Council, additionally confirms that it will commit
to fee waivers in an amount not exceed $2,500.00 to Provision at Fort Worth, LP conditioned upon its
receipt of Housing Tax Credits. The City Council also finds that the waiver of such fees serves the
public purpose of providing quality, accessible, affordable housing to low and moderate income
households in accordance with the City's Comprehensive Plan and Action Plan, and that adequate
controls are in place through the City's Neighborhood Services Department to carry out such public
purpose.
The City of Fort Worth, acting through its City Council, further confirms that the City has not
first received any funding for this purpose from the applicant, affiliates of the applicant, consultant,
general contractor or guarantor of the proposed development or any party associated in any way with the
applicant, Provision at Fort Worth, LP.
Adopted this 18th day of February, 2020.
ATTEST:
By:
Mary J. Kayser, City Secretary