HomeMy WebLinkAboutResolution 6165-09-2025A Resolution
NO.6165-09-2025
A RESOLUTION OF NO OBJECTION TO SUPPORT A HOUSING TAX CREDIT
APPLICATION FOR 7124 ANDERSON BLVD AND COMMITTING DEVELOPMENT
FUNDING
WHEREAS, the City of Fort Worth's 2023 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 2023-2027 Consolidated Plan makes the development of quality,
affordable, accessible rental housing units for the City's low-income residents a high priority;
WHEREAS, JES Dev Co., Inc. has proposed the new construction of a multifamily affordable rental
housing development located at 7124 Anderson Blvd, Fort Worth, Texas 76124, which will provide
approximately 300 units affordable to households with incomes at or below sixty percent (60%) of Area
Median Income; and
WHEREAS, JES Dev Co., Inc. has advised the City that it intends to submit an application to the
Texas Department of Housing and Community Affairs ("TDHCA") for 2025 Non -Competitive (4%) Housing
Tax Credits to finance a portion of the costs of development.
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 7124 Anderson Blvd. has been provided to the City Council by JES Dev Co., Inc. 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 JES Dev Co., Inc. regarding any
questions or concerns about the proposed development.
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. The City of Fort Worth, acting through its City Council, additionally confirms that it will commit to fee
waivers in an amount of no less than $500.00 but no more than $30,000.00 to JES Dev Co., Inc. 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.
5. After due consideration of the information provided by JES Dev Co., Inc. and any public comment on the
proposed development, the City Council does not object to the application of JES Dev Co., Inc. to the
TDHCA for 2025 Non -Competitive (4%) Housing Tax Credits for the purpose of the development of
7124 Anderson Blvd.
Adopted this 16th day of September 2025
ATTEST:
Jannette S. Goodall, City Secretary
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