Res 019-2022 Support Affordable Housing Tax Credit Project 3104 Seymour Rd 02/15/2022 Resolution No. 19-2022
Resolution to consider economic benefits of and support for a
proposed affordable housing tax credit project, Wichita Falls Lofts, at
3104 Seymour Road, Wichita Falls, Texas from Wichita Falls MHP, LP
WHEREAS, Wichita Falls MHP, LP. ("Applicant"), have requested support from
the City of Wichita Falls for new construction of affordable family housing units named
Wichita Falls Lofts located at 3104 Seymour Road, 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 neighborhood revitalization
efforts in older residential areas; 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 Wichita Falls Lofts to be located at 3104 Seymour Road, a new
affordable housing development for families that may assist with the revitalization of
depressed and declining neighborhoods; 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 Wichita Falls MHP, LP. to
receive funding from Texas Department of Housing and Community Affairs (TDHCA)
Competitive 9% Housing Tax Credits for Wichita Falls Lofts located at 3104 Seymour
Road 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 Wichita Falls Lofts, 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 Wichita Falls Lofts.
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:
Aut„--
City Clerk