Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Tax Credit Application Resolution
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
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Request for approval of a Resolution of Support for the Veterans Memorial Village, a 9% Affordable Housing Tax Credit Project located at 11415 Veterans Memorial Dr, Houston, Texas, City of Houston Extraterritorial Jurisdiction, Precinct 1.
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Background and Discussion:
On June 25, 2019, Harris County Commissioners Court approved the Multi-family Rental Housing and Tax- Credit Application Review and Resolution Request Policy and Criteria. These guidelines align with the goals of the Harris County Consolidated Plan and Analysis of Impediments (AI) to Fair Housing Choice Plan, which aims to promote and preserve quality affordable housing in the county.
Under the Texas Department of Housing and Community Affairs (TDHCA) Qualified Allocation Plan (QAP), developers are required to request a resolution from the local government expressing Support or nonobjection for their proposed housing development projects. TDHCA awards points for these resolutions as part of the tax credit application process.
As per the QAP Local Government Resolution requirements, 9% tax credit applications can request either a resolution of Support or Non-objection from Harris County.
Housing & Community Development (HCHCD) staff reviews the applicant's submission and recommends a resolution of Support or Non-Objection to the Harris County Commissioners Court if all guidelines and criteria are met. It is important to note that a resolution from the local government is not a guarantee of funding from Harris County or a tax credit from TDHCA, but rather expresses support or non-objection for the proposed development in the jurisdiction.
HCHCD is requesting approval of a Resolution of Support for the Veterans Memorial Village 9% Affordable Housing Tax Credit Project. The project has met the guidelines and policy criteria set forth by the resolution request policy and criteria. The project is located in the City of Houston's Extra-Territorial Jurisdiction (ETJ) and the developer has also requested a resolution of Support from the City of Houston. The city has indicated that it will be providing a resolution of support at their city council meeting. HCHCD recommends that the Harris County Commissioners Court approve the Resolution of Support for this project.
Expected Impact:
Approving the resolution of support for this project will satisfy the TDHCA QAP tax credit application requirement for the developer to seek local government support or non-objection for the project and increase the likelihood that this project will receive appropriate financing to provide additional opportunities for quality and affordable housing in Harris County. The project is a New Construction Multi-family development consisting of 66 units, all of which are low-income units.
Alternative Options:
If the Resolution of Support is not approved, it will deny the proposed development the necessary support and reduce the chance of the 9% HTC application to TDHCA receiving a tax credit, ultimately reducing the likelihood of the proposed affordable housing units being constructed.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
X Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
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Location:
Address (if applicable): 11415 Veterans Memorial Dr, Houston, Texas
Precinct(s): Precinct 1
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Anticipated Court Date: February 27, 2024
Anticipated Implementation Date (if different from Court date): N/A
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Thao Costis, Interim Executive Director Community Services or Walter M. Peacock, Assistant Director of Planning, Community Services
Attachments (if applicable): Developer Fact Sheet; Resolution of Support (3 copies; one (1) for court records
and return the other two (2) to CSD); Consistency Analysis; Resolution Review Criteria Checklist; Resolution Request Letter from Developer and map