Res 018-2022 Support Affordable Housing Tax Credit Project 500 Scott Ave-Not Approved 02/15/2022 Resolution No. 18-2022
Resolution to consider economic benefits of and support for a
proposed affordable housing tax credit project, Center Park Gardens,
at 500 Scott Avenue, Wichita Falls, Texas from Center Park Gardens
L.P. a component of JES Holdings, LLC
WHEREAS, Center Park Gardens, L.P. ("Applicant"), has requested support from
the City of Wichita Falls for new construction of affordable senior housing units named
Center Park Gardens located at 500 Scott Avenue, 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 that will contribute to additional revitalization efforts within
the downtown Tax Increment Financing Revinvestment Zone #4 (TIF #4); 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 Center Park Gardens to be located at 500 Scott Avenue, a new
affordable senior housing development that will assist with continued revitalization efforts
in TIF #4 and downtown; 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 Center Park Gardens, L.P., to
receive funding from Texas Department of Housing and Community Affairs (TDHCA)
Competitive 9% Housing Tax Credits for Center Park Gardens location at 500 Scott
Avenue in the City of Wichita Falls.
4. This resolution of support is intended to allow Center Park Gardens L.P., to
receive the maximum number of scoring points in relation to its Housing Tax Credit (HTC)
application for Center Park Gardens, its 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 Center Park Gardens.
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