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Res 007-2018 1/16/2018 Resolution No. _07-2018_ Resolution of support for proposed affordable housing tax credit project, Wichita Falls Pioneer Crossing at 1038 West Wenonah Blvd., Wichita Falls, Texas, from Wichita Falls Pioneer Crossing, LLC WHEREAS, Wichita Falls Pioneer Crossing, LLC, 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 Region #2, Urban C ategory, in the City of Wichita Falls, Wichita County, Texas; and, WHEREAS, Wichita Falls Pioneer Crossing, LLC, has proposed a development for a new affordable multi-family housing development at 1038 West Wenonah Blvd., named Wichita Falls Pioneer Crossing 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 Wichita Falls Pioneer Crossing to be located at 1038 West Wenonah Blvd., Wichita Falls, Texas ; 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 Wichita Falls Pioneer Crossing, LLC to receive funding from Texas Department of Housing and Community Affairs (TDHCA) Competitive 9% Housing Tax Credits for the Wichita Falls Pioneer Crossing located in Wichita Falls. 4. This resolution of support is intended to allow Wichita Falls Pioneer Crossing 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 confir ms 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 Wichita Falls Pioneer Crossing. 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