HomeMy WebLinkAbout(0119) TobiasPlace_RONO-v3A Resolution
NO.
A RESOLUTION OF NO OBJECTION TO SUPPORT A HOUSING TAX CREDIT
APPLICATION FOR THE DEVELOPMENT OF TOBIAS PLACE
WHEREAS, the City of Fort Worth's 2021 Comprehensive Plan is supportive of the
preservation, improvement, and development of quality, affordable, accessible rental and
ownership housing;
WHEREAS, the City of Fort Worth's 2018-2022 Consolidated Plan makes the
development of quality, affordable, accessible rental housing units for the City's low-income
residents a high priority;
WHEREAS, Tobias Place, LP, an affiliate of Ojala Partners, LP, has proposed the
development of an approximately 292-unit multifamily affordable rental housing development
named Tobias Place, located at 505 West Biddison Street and 3500 South Jennings Avenue in the
City of Fort Worth, which will include units affordable to households with incomes at or below
sixty percent (60%) of Area Median Income and units affordable to households with incomes at
or below thirty percent (30%) of Area Median Income;
WHEREAS, Tobias Place, LP has advised the City that it intends to submit an application
to the Texas Department of Housing and Community Affairs ("TDHCA") for 2022 Non -
Competitive (4%) Housing Tax Credits to finance a portion of the costs of development; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS, THAT:
1. Notice of intent to file an application for Non -Competitive (4%) Housing Tax Credits
for the development of Tobias Place has been provided to the City Council by Tobias
Place, LP in accordance with Section 2306.67071(a) of the Texas Government Code.
2. The City Council has had sufficient opportunity to obtain a response from Tobias Place,
LP regarding any questions or concerns about the proposed development.
3. The City Council has held a hearing for the purpose of receiving public comment on
the proposed development in accordance with Section 2306.67071(b) of the Texas
Government Code.
4. After due consideration of the information provided by Tobias Place, LP and any public
comment on the proposed development, the City Council does not object to the
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application of Tobias Place, LP to the TDHCA for 2022 Non -Competitive (4%)
Housing Tax Credits for the purpose of the development of Tobias Place.
Adopted this 1 lth day of January, 2022.
ATTEST:
By:
Jannette S. Goodall, City Secretary
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