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Res 002-2018 1/16/2018 Resolution No. _02-2018_ Resolution of support for proposed affordable housing tax credit project, Kemp Flats at 3110 Central Frwy./I-44 North (approximate address of 3300 Airport Drive), Wichita Falls, Texas , from Kemp Housing Partners, LP WHEREAS, Kemp Housing Partners, LP, has advised the City of Wichita Falls that it intends to submit an application for affordable rental housing to the Texas Department of Housing and Community Affairs (TDHCA) for 201 8 Competitive 9% Housing Tax Credits within Regio n #2, Urban Category, in the City of Wichita Falls, Wichita County, Texas; and, WHEREAS, Kemp Housing Partners, LP, has proposed a development for a new affordable multi-family housing development at 3110 Central Frwy./I-44 North - 3300 Airport Drive, named Kemp Flats in the City of Wichita Falls, Wichita County, Texas; and, WHEREAS, there is a TDHCA scoring item that requires a de minimis commitment of development funding by the local political subdivision (City of Wichita Falls) who confirms the Ci ty of Wichita Falls will provide streamlined site plan and permit review which is valued at least in the amount of $500 for the development; and, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1. The governing body of the City of Wichita Falls supports new opportunities to encourage the development of quality, affordable housing for its’ residents. 2. The City of Wichita Falls acting through its governing body, hereby confirms its support for the proposed Kemp Flats to be located at 3110 Central Frwy./I-44 North - 3300 Airport Drive; and this formal action has been taken to put on record the opinion expressed by the City of Wichita Falls. 3. This resolution supports and is intended to allow Kemp Housing Partners, LP to receive funding from Texas Department of Housing and Community Affairs (TDHCA) Competitive 9% Housing Tax Credits for Kemp Flats located in Wichita Falls. 4. This resolution of support is intended to allow Kemp Flats to receive the maximum number of scoring points in relation to its Housing Tax Credit (HTC) application for its multifamily development project to be located in Wichita Falls. 5. The governing body of the City of Wichita Falls confirms it will provide streamlined site plan and permit review which is valued at least in the amount of $500 for site plan and permit review for Kemp Flats. 6. The governing body of the City of Wichita Falls is hereby authorized, empowered, and directed to certify this Resolution to the Texas Department of Housing and Community Affairs (TDHCA). 7. This resolution shall take effect immediately from and after its passage. PASSED AND APPROVED this the 16th day of January, 2018. ______________________________ M A Y O R ATTEST: ____________________ City Clerk