Res 006-2018 1/16/2018
Resolution No. __06-2018__
Resolution of support for proposed affordable housing tax
credit project, The Heights at Wichita Falls located at 2000 Loop
11, Wichita Falls, Texas, from TX Loop 11 2018, Ltd.
WHEREAS, TX Loop 11 2018, Ltd, 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 2018 Competitive
9% Housing Tax Credits within Region #2, Urban Category, in the City of Wichita
Falls, Wichi ta County, Texas; and,
WHEREAS, TX Loop 11 2018, Ltd, has proposed a development for a new
affordable multi-family housing development at 2000 Loop 11, named The Heights at
Wichita Falls 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 City 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 The Heights at Wichita Falls to be located at
2000 Loop 11; 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 TX Loop 11 2018, Ltd, to
receive funding from Texas Department of Housing and Community Affairs (TDHCA)
Competitive 9% Housing Tax Credits for The Heights at Wichita Falls located in
Wichita Falls.
4. This resolution of support is intended to allow The Heights at Wichita Falls
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 The Heights at Wichita Falls. 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).
6. 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