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Home My WebLink About6261-02-2026 - City Council - ResolutionA Resolution NO. 6261-02-2026 SUPPORTING A HOUSING TAX CREDIT APPLICATION FOR CEDAR RIDGE RESIDENCES, COMMITTING DEVELOPMENT FUNDING, AND DETERMINING THAT CEDAR RIDGE RESIDENCES CONTRIBUTES TO THE CITY'S CONCERTED REVITALIZATION EFFORTS IN NEIGHBORHOOD EMPOWERMENT ZONE (NEZ) AREA FIVE WHEREAS, the City's 2023 Comprehensive Plan is supportive of the preservation, improvement, and development of quality, affordable, accessible housing; WHEREAS, the City's 2023-2027 Consolidated Plan makes the development of quality, affordable, accessible rental housing units for low-income residents of the City a high priority; WHEREAS, HTG Cedar Ridge, LLC, an affiliate of Housing Trust Group, LLC, has proposed a development for mixed -income affordable multifamily rental housing named Cedar Ridge Residences to be located at 265 Bridgewood Drive in the City of Fort Worth; WHEREAS, HTG Cedar Ridge, LLC has advised the City that it intends to submit an application to the Texas Department of Housing and Community Affairs ("TDHCA") for 2026 Competitive (9%) Housing Tax Credits for Cedar Ridge Residences, a new complex consisting of approximately 70 units, of which at least ten percent (10%) of the total units will be set aside for households earning at or below thirty percent (30%) Area Median Income; WHEREAS, TDHCA's 2026 Qualified Allocation Plan ("QAP") provides that an application for Housing Tax Credits may receive seventeen (17) points for a resolution of support from the governing body of the jurisdiction in which the proposed development site is located; WHEREAS, the QAP also states that an application may receive one (1) point for a commitment of development funding from the city in which the proposed development site is located; WHEREAS, the QAP also provides that an application may qualify for an additional seven (7) points if a development is explicitly identified in a resolution as "contributing to the concerted revitalization efforts" of a municipality; WHEREAS, the City created Neighborhood Empowerment Zones (NEZ) beginning in 2001 in accordance with Chapter 378 of the Texas Local Government Code in order to promote affordable housing and economic development in the designated zones. The City consolidated its twenty NEZ areas into six NEZ areas in January 2019 and updated the boundaries to create two new NEZ areas in June 2024 (M&C G-19469, M&C 24-0477). (2023 Comprehensive Plan, Part V, Chapter 23: Financial Incentives); WHEREAS, Cedar Ridge Residences is located in NEZ Area Five; and WHEREAS, the City has determined that the application for Cedar Ridge Residences submitted to TDHCA by HTG Cedar Ridge, LLC qualifies as a development contributing to the concerted revitalization efforts of the City in NEZ Area Five. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: The City of Fort Worth, acting through its City Council, hereby confirms that it supports the application of to the Texas Department of Housing and Community Affairs for 2026 Competitive (9%) Housing Tax Credits for the purpose of the development of Cedar Ridge Residences to be located 265 Bridgewood Drive (TDHCA Application No. TBD), and that this formal action has been taken to put on record the opinion expressed by the City Council of the City of Fort Worth. The City of Fort Worth, acting through its City Council, additionally confirms that Cedar Ridge Residences is located in aNeighborhood Empowerment Zone (NEZ). Accordingly, development fees will be waived pursuant to the NEZ Policy, which such waiver being an amount of no less than $500.00, 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 housing in accordance with the City's Comprehensive Plan and Action Plan, and that adequate controls are in please through the City's Neighborhood Services Department to carry out such public purpose. The City of Fort Worth, acting through its City Council, further confirms that the City has not first received any funding for this purpose from the applicant, affiliates of the applicant, consultant, general contractor or guarantor of the proposed development or any party associated in any way with the applicant, HTG Cedar Ridge, LLC. Adopted this 1 Oth day of February, 2026. ATTEST: By: Jannette S. Goodall City Secretary a ��pRT wO60 �aP two o=F 00 °o o° * o°a00000°°GIr ?a� le TEIL -. �l rN" " DISTRICTS District 4 District 5 District 9 District 8 District 6 District 3 District 11 District 10 District 2 District 7 1. The Thompson 6. Pioneer Crossing 2. McCart Meadows 7. McCart Meadows 8. Everman Senior Living 4. Ridglea Hills 9. Irma Park 5. Palladium Drive 10, Cedar Ridge Estates N 2026 9% HTC Proposed Development Applications 0 2 4 8 Miles I FORT WORTH jY le, 1p pew •hHPAP an c AMMM ANAL At Wl i) - rl� !� /0 ~ � ■ ,0rAwe Jo _ 46 .�.�. 4ƒ J �� - .. �� t t N� �� N■�sts� - �..• - � - �#, �o �� ` � • m � J M � ■� N$2Ghk A N2mmS &me #, * -Maine f � r � :4W � $ '40 .J _/ ■ . � ` AM McCart Meadows 7100 McCart Avenue, Fort Worth, Texas jg!6V_'�. f' Y 1pr s- ' �A lk 5 .i' i � 1 j ►_ s Y { F 6 ram, • i • r• :• OL + F+ 4t(lift 11PISM& j 't WO Ir .'7$Yr_i -ram_ -. FORTWORTHe N I Council District 6 0 125 250 500 750 1,000 Feet Palladium Legacy Drive 9750 Legacy Drive, Fort Worth, Texas 41 f y ,} j%T-�. r E Owl sn 1 •t "�,91 y FORTWORTH® N Council District 7 0 300 600 1,200 1,800 2,400 Feet � 1 I — bifi irharl Ave .4 5l1n15uf, 1 Of i ►-I • w ° r . 0 • % 0`4 Y • .r + Hir., iy r� eKman.P-Itw Y _ _ iT EZr.y,an + rr if —a --qh' w x � Intermediate — 11 h '{ FORTWORTH® Council District 8 0 245 490 980 1,470 1,960 Feet N • - 40 ir100.11 R q . got nibh ' A_ . A /+ wi r . Gumbe 4anm*tiarid R 40 ` Rld-lea Hills .. Elementary School "rdgI Hms No ' Oil �v 41L x. ♦ ' twr {► ; RPVkRNerwod r NA Inc ?Cliff T1,8� .d y ad L k a Ilk x . r.a` a G � Jr - 1! Alt- , i -tR „�� k +# A - - I .. • it R 94 � � L jr A* • d Thum n j— w d , i •11 ' Ib may. A pod � ,�. fi 96 f fit Ply ! •l � �_ ♦ � .� �� i � it - ' .r 3 �� IL * } urnmsr, Od arvtl r gym" * i. L iog � 4 to r " . 7 i y�tin¢: y41o�t�{ rf r� ` 7.;Ar ) I 4p, View at Altamesa 3025 Altamesa Blvd, Fort Worth, Texas . rNt 0 F,' top 'AT 5 A T wprl A 0 130 260 520 780 1,040 Feet AOL Council District 6 t City of Fort Worth, Texas Mayor and Council Communication DATE: 02/10/26 M&C FILE NUMBER: M&C 26-0118 LOG NAME: 192026 9%HTC RESOLUTIONS SUBJECT (CD 2, CD 3, CD 4, CD 5, CD 6, CD 7 and CD 8) Consider and Adopt Nine Resolutions of Support for the 2026 Competitive (9%) Housing Tax Credit Applications, Approve Commitments of Development Funding in the Form of Fee Waivers in the Approximate Amount of Up to $30,000.00 for Each Application/Development, Find that the Fee Waivers Serve a Public Purpose and that Adequate Controls are in Place, Determine that Developments Located in a Neighborhood Empowerment Zone, or Other Qualifying Area, Contribute to the City's Revitalization Efforts, Acknowledge the One -Mile Three Year Rule, and Make Related Acknowledgments RECOMMENDATION: It is recommended that the City Council: 1. Consider and adopt the nine Resolutions of Support for the 2026 Competitive (9%) Housing Tax Credit applications for the multifamily housing developments listed below, to be located at various sites throughout the City; 2. Approve fee waivers in the approximate amount of up to $30,000.00 per application/development as the City's commitment of funding for each development receiving a Resolution of Support; 3. Find that the fee waivers for these developments serve the public purpose of providing quality, accessible, affordable housing for low- to moderate -income households in accordance with the City's Comprehensive Plan and Annual Action Plan, and find that adequate controls are in place through the Neighborhood Services Department to carry out such public purpose; 4. Determine that the following developments contribute to the City's coordinated revitalization efforts within a Tax Increment Financing District, a Neighborhood Empowerment Zone, a designated subarea of a Neighborhood Empowerment Zone with an adopted Strategic Plan, or an area covered by an adopted Transformation Plan: Cedar Ridge Residences, Irma Park, McCart Meadows Senior Living, and The View at Altamesa; 5. Acknowledge that The View at Altamesa is located one linear mile or less from a development that serves the same target population and which previously received an allocation of Housing Tax Credits for new construction within the last three years; and 6. Acknowledge that Everman Senior Living and Pioneer Crossing are located in a census tract with more than 20% Housing Tax Credits per total households and authorize these developments to move forward with their applications for Housing Tax Credits. DISCUSSION: On November 11, 2025, the City Council adopted a policy for City support of applications to the Texas Department of Housing and Community Affairs (TDHCA) for Noncompetitive (4%) and Competitive (9%) Housing Tax Credits (HTC) and for City commitments of development funding (Mayor and Council Communication (M&C) 25-1035). This year, the City received thirteen applications from developers requesting Resolutions of Support for proposed 9% HTC developments in Fort Worth. Four applications were withdrawn by their respective developers. The applications listed below met both the general and program -specific requirements of the City's policy and are recommended for approval of a Resolution of Support through this M&C. Resolutions of Suonort: Staff requests that the City Council consider and adopt Resolutions of Support for the following developments as they have met the unit set -aside criteria and notification requirements outlined in the City's policy. Additionally, all of these developments are located in designated revitalization areas as defined by the City's 2026 HTC Policy or a high -opportunity area as defined by the TDHCA. The developments are listed by Council District (CD). Irma Park to be developed by Irma Park, LLC, an affiliate of O-SDA Industries, LLC, to be located at 1519 Circle Park Boulevard, Fort Worth, 76164 (CD 2). The site for the proposed development is zoned CF-Community Facilities, proposed to be changed to PD-Planned Development. This development will target seniors (55+) and will not be tax exempt but for tax relief programs offered through the City's Historic Site Tax Exemption program and the Neighborhood Empowerment Zone program's municipal tax abatement. Ridglea Hills Hallmark to be developed by Ridglea Hills Hallmark, LP, an affiliate of STH Development, to be located at 6728 W Vickery, Fort Worth, 78116 (CD 3). The site for the proposed development is zoned D-High Density Multifamily, and no zoning change is needed. It will target seniors (55+) and does not plan to be tax exempt. The Thompson to be developed by The Thompson Villas Investments, LLC, an affiliate of Sphinx Development Corporation, to be located at 4385 Thompson Road, Fort Worth, 76244 (CD 4). The site for the proposed development is zoned E-Neighborhood Commercial, and a zoning change may or may not be needed. The proposed development does not plan to be tax exempt. Cedar Ridge Residences to be developed by HTG Cedar Ridge, LLC, an affiliate of Housing Trust Group, to be located at 265 Bridgewood Drive, Fort Worth, 76122 (CD 5). The site for the proposed development is zoned G-Intensive Commercial, and a zoning change may or may not be needed. The proposed development does not plan to be tax exempt. McCart Meadows Senior Living to be developed by TX McCart 2026, LTD, an affiliate of Titanium Housing Partners, LLC, to be located at 7100 McCart Avenue, Fort Worth, 76133 (CD 6). The site for the proposed development is zoned E-Neighborhood Commercial, and a zoning change may or not be needed. This development will target seniors (55+) and does not plan to be tax exempt. The View at Alta Mesa to be developed by TX 3025 Altamesa, Ltd., an affiliate of Catalyst Development Group, to be located at 3025 Altamesa, Fort Worth, 76133 (CD 6). The site for the proposed development is zoned F-General Commercial, and a zoning change may or may not be needed. The proposed development does not plan to be tax exempt. Palladium Legacy Drive to be developed by Palladium Legacy Drive, Ltd., an affiliate of Palladium USA International, Inc, to be located at 9750 Legacy Drive, Fort Worth, 76108 (CD 7). The site for the proposed development is zoned PD-Planned Development, and a zoning change may or may not be needed. This development will target seniors (55+) and does not plan to be tax exempt. Everman Senior Living to be developed by Everman TXHP LP, an affiliate of JCM Ventures, LLC, to be located at 1700 Everman Pkwy, Fort Worth, 76140 (CD 8). The site for the proposed development is zoned E-Neighborhood Commercial, and a zoning change may or may not be needed. This development will target seniors (55+) and does not plan to be tax exempt. Pioneer Crossing to be developed by FW Pioneer Crossing LLC, an affiliate of Betco Housing Verdite Developments LLC, to be located at 1550 Everman Parkway, Fort Worth, (CD 8). The site for the proposed development is zoned D-High Density Multifamily, and no zoning change is needed. This development will target seniors (55+). Pioneer Crossing will seek a 50% tax exemption by way of its relationship with a Community Housing Development Organization, CHR Partners, Inc. The tax exemption must first be approved annually by each taxing entity, including the City through a separate M&C, before being granted. Commitment of Development Fundinq: Per the City's 2026 HTC Policy, any development receiving a Resolution of Support will also receive a waiver of development fees for a value of no less than $500.00 and no more than $30,000.00. This commitment of development funding qualifies HTC applicants for an additional point and increases the competitiveness of their TDHCA applications. Staff requests that City Council approve commitments of development funding in the form of fee waivers for each development that is recommended for a Resolution of Support. Five of the developments: Cedar Ridge Residences, McCart Meadows Senior Living, The View at Alta Mesa, and Irma Park, are located in a Neighborhood Empowerment Zone (NEZ). Accordingly, development fees will be waived pursuant to the NEZ Policy, with such waiver being in an amount of no less than $500.00. The fee waiver amount may be applied to (a) all building permit related fees; (b) plat application fees; (c) Board of Adjustment application fee; (d) demolition application fee; (e) structural moving application fee; (f) Community Facilities Agreement (CFA) application fee; (g) zoning application fee; (h) street and utility easement vacation application fee; (i) ordinance inspection fee; Q) consent/encroachment agreement application fee; (k) urban forestry application fee; and (1) sign permit fees. Fee waivers will be conditioned upon the development receiving an award of 2026 HTCs from TDHCA. The City's Neighborhood Services Department will be responsible for verifying that the public purpose for the fee waivers is carried out. Concerted Revitalization Plan: TDHCA rules state that an application may receive additional points if the proposed development is identified in a letter as contributing to a city or county's concerted revitalization efforts. The City has created Urban Villages to help promote central city revitalization. They are districts which are more compact, contain a greater mix of land uses, and give greater emphasis to pedestrian and transit access. The City has created 12 Tax Increment Financing zones (TIFs) as authorized by the Texas Tax Code. TIFs allow local governments to publicly finance needed structural improvements and enhanced infrastructure within defined areas. The City's eight Neighborhood Empowerment Zones were created to promote affordable housing and economic development in the designated zone. The City's Transformation Plans are comprehensive strategies to revitalize specific areas or neighborhoods. All of the City's Urban Villages, TIFs, NEZs, and Transformation Plans are included in the City' s annual Comprehensive Plan as part of its goal of revitalizing central city neighborhoods and commercial districts (2023 Comprehensive Plan, Part II, Chapter 5: Housing, and Part III, Chapter 10: Economic Development). Cedar Ridge Residences, Irma Park, McCart Meadows Senior Living, and The View at Altamesa are developments located in a NEZ. Staff determined that these developments will significantly contribute to the City's ongoing revitalization efforts in each of the NEZ areas in which they will be located since the recommended developments will provide housing for households earning at or below 80 percent of Area Median Income. In addition, the increased density of this new housing will support the new retail, office and other housing development located or being developed in each NEZ. Staff recommends that the City Council adopt the attached resolutions determining that Cedar Ridge Residences, Irma Park, McCart Meadows Senior Living, The View at Altamesa, and The View at Bridgewood are developments that contribute to the City's concerted revitalization efforts underway in the NEZ in which they are located. Limitations on Developments With Certain Neighborhood Risk Factors: More than 20% HTC Units per Total Households TDHCA rules state that if a proposed development will be located in a census tract with more than 20 percent HTC units per total households, as established by the five-year American Community Survey, it will be ineligible for HTCs unless the governing body of the jurisdiction votes to specifically allow it and also submits a resolution to TDHCA stating that the proposed development is consistent with the jurisdiction's federal obligation to further fair housing. Everman Senior Living and Pioneer Crossing will each be located in a census tract in which more than 20 percent of the total households are HTC units. Staff recommends that City Council vote to specifically allow these developments and approve the additional determination that they are consistent with the City's obligation to affirmatively further fair housing. One -Mile Three Year Rule TDHCA rules state that if a proposed development will be located on linear mile or less from a development that has received HTCs within the previous three years and serves the same target population as the proposed development, the governing body of the jurisdiction must vote to specifically allow it. The View at Altamesa may be located one linear mile or less from a development that serves the same target population and which previously received an allocation of HTCs. Staff recommends that City Council vote to specifically allow The View at Altamesa to move forward with its application for HTCs. Other Considerations All of the proposed developments recommended for a resolution of support are subject to all applicable City laws, ordinances, policies and procedures including those pertaining to zoning changes and annexation. Council member support for purposes of approving these resolutions does not constitute approval of any required zoning change or annexation. The proposed developments are located in COUNCIL DISTRICTS 2, 3, 4, 5, 6, 7, and 8. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that approval of the above recommendations will have no material effect on the Fiscal Year 2026 Budget. While no current year impact is anticipated from this action, any effect on expenditures and revenues will be budgeted in future Fiscal Years. Submitted for Citv Manaaer's Office by Oriainatina Business Unit Head Additional Information Contact: Dana Burghdoff 8018 Kacey Thomas 8187 Dyan Anderson 7398 Lilian Bastidos 8454