HomeMy WebLinkAboutResolution 5720-03-2023A Resolution
NO . 5720-03-2023
ACKNOWLEDGING THAT DEVELOPMENT OF HUGHES HOUSE MIXED USE AND
AFFORDABLE MULTIFAMILY HOUSING PROJECT ("DEVELOPMENT") WILL
RESULT IN A QUALIFIED CENSUS TRACT HAVING MORE THAN 20% HOUSING
TAX CREDIT UNITS PER TOTAL HOUSEHOLDS AND EXPRESSING NO
OBJECTION TO THE DEVELOPMENT'S APPLICATION
WHEREAS, the City Council of the City of Fort Worth ("City") has adopted development and
revitalization of the City's affordable housin g stock as a strategic goal and determined that quality ,
accessible, affordable hou sing is needed for moderate, low and very low-income City citizens;
WHEREAS, the Choice Neighborhoods Implementation ("CNI") Grant from the U.S .
Department of Housing and Urban Development ("HUD") is HUD'S signature place-based
initiative for comprehensively revitalizing neighborhoods and is specifically aimed at the
redevelopment of public housing and surrounding neighborhoods;
WHEREAS, the City and The Housing Authority of the City of Fort Worth, d/b /a Fort Worth
Housing Solutions, as co-lead applicants, have been awarded a CNI grant for the redevelopment
of the Cavile Place/Historic Stop Six Neighborhood with the project encompassing a total of six
housing projects with each project anticipated to include some tax credit units;
WHEREAS, per Sections 11.3( e) and 11.4( c )(1) of Title 10 of the Texas Administrative Code,
applicants applying for competitive housing tax credits and/or private activity bonds that propose
new construction or adaptive reuse of a development located in a census tract that has more than
20% Housing Tax Credit Units per total households (as reflected in the current Site Demographic
Characteristics Report) are considered ineligible unles s the governing body of the municipality or
county containing the development has adopted a resolution acknowledging the situation and
stating that the governing body has no objection to the application;
WHEREAS, FW Hughes House, LP, an affiliate of Fort Worth Housing Solutions and
McCormack Baron Salazar, is seeking a multifamily direct loan from the Texas Department of
Housing and Community Affairs ("TDHCA") for the Hughes House mixed use and affordable
rental housing project ("Development") in the City of Fort Worth, which is located at 4830 E.
Rosedale Street and 4908 E . Rosedale Street and was pre vio usly awarded 9% low income hou sing
tax credits ("Application");
WHEREAS, the Development is located in a qualified census tract (Tract No. 28239103601) that
currently has 34.01 % Housing Tax Credit Units per total households in the census tract, according
to TDHCA's 2022 Site Demographic Characteristics report, which report includes both Cowan
Place (under construction) and the Development (not yet under construction) in its calculation;
WHEREAS , Babers Manor is another development in this same census tract that is currently
seeking low income housing tax credits;
WHEREAS, if the Development is built as proposed and Babers Manor is approved and built in
accordance with its application, the census tract would include an additional 80 units of affordable
housing, potentially increasing to 41 % Housing Tax Credit Units per total households in the census
tract; and
WHEREAS, because redevelopment of the Cavile Place/Historic Stop Six Neighborhood in
accordance with the CNI grant, including the development of units of low-income-housing-tax-
credit-supported housing, is a significant priority for the City, the City Council wishes to support
the Application by acknowledging the situation and expressing that it has no objection.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
1. The City Council as Governing Body of the City of Fort Worth hereby acknowledges, per 10
TAC § § 11.3( e) and 11.4( c )(1 ), that the named Development is located in a census tract that has
more than 20 % Housing Tax Credit Units per total households.
2. The City Council as Governing Body of the City of Fort Worth hereby formally expresses , per
10 TAC §§11.3(e) and 1 l.4(c)(l), that it has no objection to the Application, pursuant to 10 TAC
§ 11.3( e) and § 11.4( c )(1) of the Qualified Allocation Plan.
3. The City Secretary is hereby authorized, empowered, and directed to certify these resolutions to
the Texas Department of Housing and Community Affairs.
Adopted this 21 st day of March, 2023.
ATTEST:
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By: U --------------
Jannette S. Goodall , City Secretary