HomeMy WebLinkAbout6263-02-2026 - City Council - Resolution (2)A Resolution
NO. 6263-02-2026
SUPPORTING A HOUSING TAX CREDIT APPLICATION FOR THE VIEW AT ALTAMESA,
COMMITTING DEVELOPMENT FUNDING, DETERMINING THAT THE VIEW AT ALTA
MESA CONTRIBUTES TO THE CITY'S CONCERTED REVITALIZATION EFFORTS IN
NEIGHBORHOOD EMPOWERMENT ZONE (NEZ) AREA SEVEN, AND
ACKNOWLEDGING THAT THE VIEW AT ALTA MESA IS LOCATED ONE LINEAR MILE
OR LESS FROM A DEVELOPMENT THAT SERVES THE SAME TARGET POPULATION
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, TX 3025 Altamesa, Ltd., an affiliate of Catalyst Development Group, LLC, has
proposed a development for mixed -income affordable multifamily rental housing named The View at Alta
Mesa to be located at 3025 Alta Mesa Boulevard in the City of Fort Worth;
WHEREAS, TX 3025 Altamesa, Ltd. 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 The View at Alta Mesa, a new complex consisting of
approximately 72 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 to in June
2024 (M&C G-19469, M&C 24-0477). (2023 Comprehensive Plan, Part V, Chapter 23: Financial
Incentives);
WHEREAS, The View at Alta Mesa is located in NEZ Area Seven;
WHEREAS, the City has determined that the application for The View at Alta Mesa submitted
to TDHCA by TX 3025 Altamesa, Ltd. Qualifies as a development contributing to the concerted
revitalization efforts of the City in NEZ Area Seven; and
WHEREAS, the QAP states that the governing body of the appropriate municipality where the
development is to be located must by vote specifically allow the construction of a new development
located within one (1) linear mile or less from a development which serves the same target population;
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 The View at Alta Mesa to be located 3025
Alta Mesa Boulevard (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 The View at
Alta Mesa is located in a Neighborhood 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
fwu�
The City of Fort Worth, acting through its City Council, acknowledges that The Heights at
Crowley is located one (1) linear mile or less from a development that serves the same target population
as the proposed The View at Alta Mesa and received an allocation of Housing Tax Credits for new
construction or adaptive reuse within the previous three years and this formal action has been taken to put
on record the opinion expressed by the City Council of the City of Fort Worth to authorize the development
to move forward.
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,
TX 3025 Altamesa, Ltd.
Adopted this 101h day of February, 2026.
ATTEST:
By:
Jannette S. Goodall,
City Secretary
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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 Support:
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 Fundina:
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 Develoaments With Certain Neiahborhood 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