HomeMy WebLinkAboutIR 25-0022REVINFORMAL REPORT TO CITY COUNCIL MEMBERS
No. 25-0022REV
To the Mayor and Members of the City Council February 4, 2025
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SUBJECT: 2025 Recommendations For Resolutions of Support
Itrn for 9% Housing Tax Credit Applicants
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The purpose of this Informal Report is to summarize the applications received for Resolutions of Support
for 9% Housing Tax Credit (HTC) applicants and provide a recommendation of which developments qualify
for a resolution and a letter of commitment of development funding under the City's current Housing Tax
Credit Policy.
On November 12, 2024, the City Council adopted the 2025 Housing Tax Credit Policy (M&C 24-0977),
setting forth the requirements for developers to receive a Resolution of Support or a Resolution of No
Objection from the City of Fort Worth. A resolution passed by the governing body in which the proposed
development is to be located is a required component for the application for Housing Tax Credits through
the Texas Department of Housing and Community Affairs (TDHCA) for both competitive (9%) and non-
competitive (4%) HTCs.
The due date for applications to the City for a Resolution of Support was January 4, 2025. Nine applications
for Resolutions of Support were received and evaluated by City staff. City Staff determined that eight of
the nine applications meet the criteria to qualify for a Resolution of Support as well as a letter committing
development funding in the form of fee waivers. The following table summarizes the applications received
as well as staff's recommendations on which applications to provide the Resolution of Support:
Development
Address
CD
Units
Population
Tax
Exempt
Zoning
Change
Resolution
Type
Avenue at Lancaster
5733 Craig St
11
81
Seniors
No
Yes
Support
Bryson Senior Villas
8640 Bryson Ln
7
98
Seniors
No
Yes
No resolution'
HiLine at Everman
1904 Everman Pkwy
8
110
Family
No
Yes
Support
HiLine at Risinger
NWQ Risinger and
McCart Ave
6
110
Seniors
No
Yes
Support
HiLine at Rock Valley
5700 Rock Valley Dr
4
110
Seniors
No
Yes
Withdrawn
Irma Park
1519 Circle Park Blvd
2
90
Family
No
Yes
Support
Legacy Park
9750 Legacy Dr
7
82
Seniors
No
No
Support
Pioneer Crossing
1550 Everman Pkwy
8
86
Seniors
Yes
No
Support
Reserve at Parkwood
5601 Basswood Blvd
1 4
1 81
Seniors
No
Yes
Withdrawn'
An M&C detailing each of the qualifying developments and the accompanying resolutions is scheduled for
the February 11, 2025 City Council meeting.
For any questions, please contact Chad LaRoque, Neighborhood Services Department Housing
Development Manager, at Chad.LaRoque@fortworthtexas.gov.
Jesus "Jay" Chapa
City Manager
1 Bryson Senior Villas did not meet the minimum requirements due to missing the application deadline, not
notifying the proper Registered Community Organization, and not holding a meeting with the neighborhood.
On January 28, 2025, the application for HiLine at Rock Valley was withdrawn by the applicant.
s On January 29, 2025, the application for Reserve at Parkwood was withdrawn by the applicant.
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS