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Home My WebLink About6288-03-2026 - City Council - ResolutionA Resolution NO. A RESOLUTION OF NO OBJECTION FOR A HOUSING TAX CREDIT APPLICATION FOR ELMWOOD PLACE AND COMMITTMENT OF 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, Elmwood Place Apartments, LP has proposed the new construction of a 321-unit multifamily affordable rental housing development located at 7124 Anderson Blvd, Fort Worth, Texas 76120, which will provide units affordable to households with incomes at or below sixty percent (60%) of Area Median Income; and WHEREAS, Elmwood Place Apartments, LP has advised the City that it intends to submit an application to the Texas Department of Housing and Community Affairs ("TDHCA") for 2026 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: l. Notice of intent to file an application for Non-Competitive (4%) Housing Tax Credits for the development of Elmwood Place has been provided to the City Council by Elmwood Place Apartments, LP in accordance with Section 2306.6707l(a) of the Texas Government Code. 2.The City Council has had sufficient opportunity to obtain a response from Elmwood Place Apartments, LP regarding any questions or concerns about the proposed development. 3.The City Council has held a hearing for the purpose of receiving public comment on the proposed development in accordance with Section 2306.6707l(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 to Elmwood Place Apartments, LP 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 Elmwood Place Apartments, LP and any public comment on the proposed development, the City Council does not object to the application of Elmwood Place Apartments, LP to the TDHCA for 2026 Non-Competitive (4%) Housing Tax Credits for the purpose of the development of Elmwood Place. Adopted this 31st day of March 2026. ATTEST: Jannette S. 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' i. _.,� J I �� '�� w-�'`£-��ai�� ,r-y tic '� �r'F , ��t-:� � � ~•' � • � �•- ^ �-.�-� �'�.� - �r'� i �`�J ,-�� II ��'� �� :j ��p� �t � � �+ } , 1 T— �'� �� City of Fort Worth, Mayor and Texas Council Communication DATE: 03/31/26 M&C FILE NUMBER: M&C 26-0250 LOG NAME: 19ELMWOODPLACE4%HTCRESOLUTION SUBJECT (CD 5) Conduct Public Hearing on the Application by Elmwood Place Apartments, LP to the Texas Department of Housing and Community Affairs for Non-Competitive (4%) Housing Tax Credits for the Construction of a 321-Unit Affordable Housing Multifamily Development, Elmwood Place, to be Located at 7124 Anderson Blvd., Fort Worth, TX 76120; Adopt a Resolution of No Objection to the Application; Approve Commitment of Development Funding in the Form of Fee Waivers in an Amount of No Less than $500.00 and No More than $30,000.00; Find that the Fee Waivers Serve a Public Purpose, and Adequate Controls are in Place to Carry Out Such Public Purpose; and Determine that Construction of the Proposed Development is Consistent with the City's Obligation, if Any, to Affirmatively Further Fair Housing (PUBLIC HEARING - a. Staff Available for Questions: Dyan Anderson; b. Public Comment; c. Council Action: Close Public Hearing and Act on M&C) RECOMMENDATION: It is recommended that the City Council: 1. Conduct a public hearing to allow citizen comment on the application of Elmwood Place Apartments, LP to the Texas Department of Housing and Community Affairs for 2026 Non-Competitive (4%) Housing Tax Credits for the construction of Elmwood Place, a 321-unit affordable multifamily development located at 7124 Anderson Blvd., Fort Worth, TX 76120; 2. Adopt the attached Resolution of No Objection; 3. Approve fee waivers in an amount of no less than $500.00 and no more than $30,000.00 as the City's commitment of development funding; 4. Find that the fee waivers serve the public purpose of providing quality, accessible, affordable rental 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; and 5. Determine that construction of the development as proposed is consistent with the City's obligation, if any, to affirmatively further fair housing. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to take actions in accordance with state law and City policy regarding an application for housing tax credits for the new construction of an affordable housing development. Elmwood Place Apartments, LP (Developer) has advised the City that it intends to apply to the Texas Department of Housing and Community Affairs (TDHCA) for 2026 Non-Competitive (4%) Housing Tax Credits (HTC) for the new construction of a proposed multifamily affordable rental housing development, Elmwood Place, located at 7124 Anderson Blvd. (Development). The Developer has requested a Resolution of No Objection from the City Council. TDHCA will not award 4% Housing Tax Credits to an applicant unless they provide a Resolution of No Objection from the governing body of the jurisdiction in which the development is located. State law requires that the governing body conduct a public hearing for citizens to provide comment on the proposed development — regardless of whether the governing body intends to issue a resolution. The Development will consist of up to 321 one, two, three, and four-bedroom units reserved for households earning 60 percent or less of Area Median Income (AMI). Amenities will include a clubhouse, fitness center, pool, playground, dog park, and on-site resident services. The Development will be located near retail, groceries, parks, public transit, and has nearby access to Interstate-30 and Loop 820 that connect to the greater Dallas-Fort Worth area. The proposed site is currently zoned C: Multifamily Residential, and the Development will not require a zoning change. Elmwood Place Apartments, LP is an affiliate of Kittle Property Group, an affordable housing developer with over 70 years' experience, whose portfolio consists of over 150 mixed-income multifamily properties throughout 16 states. On November 11, 2025, through M&C 25-1035, City Council adopted an updated housing tax credit policy (Po�icy) that outlines the requirements for an applicant to receive a Resolution of No Objection for a 4°/o HTC development. The Policy requires that the Councilmember who represents the District in which the development will be located be notified as well as the superintendent of the school district in which the development is sited and any registered neighborhood or homeowner's association(s) with boundaries that are within one-half mile of the development. In addition, at least one public meeting must be held for the affected registered neighborhood association(s) (NA), if any, prior to submission of a resolution application. The Developer complied with all requirements of the Policy by taking the following actions: (1) notified Councilmember Deborah Peoples (Council District 5), (2) notified Fort Worth superintendent, Dr. Karen Molinar, (3) notified the five registered community organizations located within a half-mile of the Development, and (4) conducted information sessions with these groups virtually. Commitment of Development Funding: Per the Policy, any 4% HTC development receiving a resolution of no objection will also receive a waiver of development fees for a value of no less than $500.00 and no more than $30,000.00. Staff requests that City Council approve commitments of development funding in the form of fee waivers for the Development for an amount up to $30,000.00. The fee waiver amount may be applied to (a) ail building permit related fees; (b) plat application fees; (c) Board of Adjustment application fee; (d) demolition application fee; (e) structural moving application fee; (fl Community Facilities Agreement (CFA) application fee; (g) zoning application fee; (h) street and utility easement vacation application fee; (i) ordinance inspection fee; (j) consent/encroachment agreement application fee; (k) urban forestry application fee; and (I) sign permit fees. Fee waivers will be conditioned upon the Development receiving an award of 2026 HTC from TDHCA. The City's Neighborhood Services Department will be responsible for verifying that the public purpose for the fee waivers is carried out. The affordability requirements for the Development wi�l be ensured through various contracts and documents from TDHCA that will require the maintenance of affordability for a minimum of 30 years. Depending on the lender chosen for this Development, additional affordability requirements may also apply. Approval of this M&C represents Council's finding that the TDHCA's affordability requirements and documents are sufficient to ensure the public purpose of housing affordability is carried out. Following the close of the public hearing, Staff requests that the City Council consider the attached Resolution of No Objection, including all related acknowledgements included therein, to allow for the application for 2026 Non-Competitive (4%) Housing Tax Credits for the proposed construction of the Development. Providing this development as a quality and affordable housing option wiil assist the City in fulfilling its goals under its Conso�idated Plan and Comprehensive Plan, and in fulfilling its obligation, if any, to affirmatively further fair housing by providing quality, accessible, affordable housing for low- to moderate-income residents and supporting economic development and revitalization. This development is located in COUNCIL DISTRICT 5. 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 these recommendations will have no material effect on City funds. Submitted for City Manager's Office bk Dana Burghdoff 8018 Originating Business Unit Head: Kacey Thomas 8187 Additional Information Contact: Dyan Anderson 7398