Res 016-2017 2/7/2017Resolution No. _16-2017_
Resolution of support for proposed affordable housing tax credit
project, Cascade Villas, at the approximate address of 4810/4818 and
4822 Fairway Boulevard; TDHCA Application No. 17225
WHEREAS, Cascade Villas, LP., has advised t he 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 2017 Competitive 9% Housing Tax
Credits within Region #2, Urban Category, in the City of Wi chita Falls, Wichita County,
Texas; and,
WHEREAS, Cascade Villas, LP., has proposed a development for a new
affordable multi-family housing development at 4810/4818 and 4822 Fairway Blvd.,
named Cascade Villas 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 $10 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 opportun ities 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 Cascade Villas to be located at 4810/4818 and 4822
Fairway Blvd., (TDHCA Application #17225); 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 the Cascade Villas, LP. to
receive funding from Texas Department of Housing and Community Affairs (TDHCA)
Competitive 9% Housing Tax Credits for the Cascade Villas located in Wichita Falls.
4. This resolution of support is intended to allow Cascade Villas, LP. to receive
the maximum number of scoring points in relation to its Housing Tax Credit (HTC)
application for its Cascade Villas 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 $10 for
the Cascade Villas proposed for the 4800 block of Fairway Blvd.
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 7th day of February, 2017.
______________________________
M A Y O R
ATTEST:
____________________
City Clerk
Exhibit A - Location Map
Exhibit B - Aerial Site Plan
Exhibit C – Site Layout for the Proposed
Cascade Villas – Fairway Blvd.
Exhibit D – Architectural Renderings for the
Proposed Cascade Villas – Fairway Blvd.
Exhibit E – Photos from a Similar Project: Stone Canyon
Affordable Housing in Amarillo, Texas
Kitchen
Exhibit E – Photos from a Similar Project: Stone Canyon
Affordable Housing in Amarillo, Texas
Common
Room