HomeMy WebLinkAboutIR 002 (4) INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 23-002
To the Mayor and Members of the City Council January 24, 2023
Page 1 of 2
SUBJECT: 2023 HOUSING TAX CREDIT APPLICATIONS
aVA
Y673
This Informal Report lists the applications received by the Neighborhood Services Department for a Resolution of
Support in order to apply for 9%Competitive Housing Tax Credits ("HTCs").
Each year TDHCA implements a Qualified Allocation Plan (QAP) that outlines the scoring criteria for 9% HTC
applications.The draft 2023 QAP states that 9% HTC applications can receive 17 points for a Resolution of Support or
14 points for a Resolution of No Objection from the governing body of the municipality in which the development is
sited. Each year, the City adopts a Tax Credit Policy to incentivize developing affordable housing where it is most
needed in the City and in a manner that aligns with the City's goals.
The City's 2023 Tax Credit Policy required applicants to comply with several requirements, including notification
requirements, public hearing requirements, and various administrative requirements.
Staff is reviewing the applications to determine recommendations for each of the projects listed below and intends
to brief the City Council at the February 7th Council Work Session.To comply with state deadlines for HTC
applications, staff intends to seek Council's approval of the recommendations at the February 14th City Council
meeting.
Applications were due on January 13, 2023, and the City received 10 complete applications for consideration, which
are listed below:
Council Future Development Development Resolution proposed
Council Developer Type
District District Name Address Requested # Units
4-Alan
Palladium USA 900 Bridgewood 900 Bridgewood
Blaylock 4 International, Living Dr., Fort Worth, Support 120
Inc. 76112
Pivotal 5601 Basswood
4-Alan 4 Housing Reserve Blvd., Fort Worth, Support 72
Blaylock Partners Basswoodd 76137
5-Gyna 5 AMTEX Bell Station 3300 Raider Drive, Support 120
Bivens Apartments Euless, 76040
5-Gyna Inter-Faith 5008 Collett Little
11 Lofts at Redwood Rd., Fort Worth, Support 100
Bivens Group 76119
5-Gyna 11 Inter-Faith Avenue at 5733 Craig St., Fort Support 101
Bivens Group Lancaster Worth, 76112 pp
McCormack
5-Gyna Baron Salazar SEC Ramey Ave. &
5 Babers Manor S. Hughes Ave., Support 80
Bivens Development,
Fort Worth, 76105
Inc.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 23-002
To the Mayor and Members of the City Council January 24, 2023
Page 2 of 2
SUBJECT: 2023 HOUSING TAX CREDIT APPLICATIONS
aVA
Y673
Overland The Reserves at 7808 Brentwood
5-Gyna 5 Property Cottonwood Star Rd., Fort Support 93
Bivens Group Creek Worth, 76112
Palladium USA 7340 Kingswood Living 7340 Kingswood
6-Jared 6 International Dr. Fort Worth,
Support 120
Williams Inc. 76133
Generation 12720 Timberland
Firestone Leonard 10 Housing Timberland Blvd., Fort Worth, Support 144
F Partners, LLC Heights 76244
Generation
8-Chris The Heights at 7500 Crowley Rd.,
8 Housing Support 124
Nettles Crowley Fort Worth, 76134
Partners, LLC
If you have questions about this information, please contact Victor Turner, Director of Neighborhood Services, at
817-392-8187.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS