Res 017-2022 Support Affordable HTC Project Pioneer Crossing 3110 Central Freeway-Not Approved 02/15/2022 Resolution No. 17-2022
Resolution to consider economic benefits of and support for a
proposed affordable housing tax credit project, Pioneer Crossing, at
3110 Central Freeway, Wichita Falls, Texas from WF Pioneer Crossing,
L.L.C.
WHEREAS, WF Pioneer Crossing, L.L.C. ("Applicant"), have requested support
from the City of Wichita Falls for new construction of affordable family housing units
named Pioneer Crossing located at 3110 Central Freeway, Wichita Falls, Wichita County,
Texas; and,
WHEREAS, the Applicant intends to submit an application for affordable rental
housing units to the Texas Department of Housing and Community Affairs ("TDHCA") for
an allocation of the 2022 Competitive 9% Housing Tax Credits within Region #2, Urban
Category, in the City of Wichita Falls, Wichita County, Texas; and,
WHEREAS, the Applicant, has proposed a development for a new affordable multi-
family housing development with a combination of market rate units; 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 Pioneer Crossing to be located at 3110 Central Freeway, a new
affordable housing development for families; and this formal action is taken to put on
record the opinion expressed by the City of Wichita Falls.
3. This resolution supports and is intended to allow WF Pioneer Crossing, L.L.C.
to receive funding from Texas Department of Housing and Community Affairs (TDHCA)
Competitive 9% Housing Tax Credits for Pioneer Crossing located at 3110 Central
Freeway in the City of Wichita Falls.
4. This resolution of support is intended to allow the Applicant to receive the
maximum number of scoring points in relation to its Housing Tax Credit (HTC) application
for Pioneer Crossing, an affordable rental 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 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 15th, day of February, 2022.
MAYOR
ATTEST:
City Clerk