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Resolution 2023-05RESOLUTION NO. 2023-05(R) A RESOLUTION OF THE CITY OF WYLIE, TEXAS, EVIDENCING SUPPORT FOR A PROPOSED RENT BASED COMMUNITY TO PROVIDE ECONOMICALLY ATTAINABLE RENTAL HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS; LOCATED AT 511 W. BROWN STREET. WHEREAS, Agape Resource & Assistance Center, Inc. a nonprofit corporation that provides housing and transitional services to homeless single women, moms and their children has proposed a new residential development to be located at 511 W. Brown Street, Wylie, Collin County, Texas 75098. The proposed community is to be named Jericho Village; and WHEREAS, Agape Resource & Assistance Center, Inc. a nonprofit corporation has or will submit an Affordable Housing Program application to the Federal Home Loan Bank for Jericho Village; and WHEREAS, the City Council of the City of Wylie seeks to encourage and maintain community diversity by ensuring housing choices and homebuyer opportunities to meet the needs of persons of different ages, income and/or social and economic backgrounds and different household and family structures; and WHEREAS, Jericho Village, a new construction development of an urban village of 38 units of affordable apartments to be located at 511 W. Brown Street; and WHEREAS, Jericho Village will provide apartments with rents based on household income as a percent of Area Median Income with a goal to provide economically attainable rental housing for very low, low and moderate income households; and WHEREAS, Jericho Village will also provide certain Empowerment Support Services on site that will be available to all residents in Jericho Village. These Empowerment Support Services, including such services as financial literacy education, budget coaching, and assistance with access to childcare, transportation and workforce education, are provided to help residents increase household economic stability; and WHEREAS, the City Council of Wylie, Texas has determined that Jericho Village meets the City of Wylie's community development objectives to sustain affordable housing, reduce household cost burden and fits the affordable housing vision of the City. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, THAT: SECTION 1: The City Council of the City of Wylie, Texas recognizes that there is a need for affordable housing to meet the needs of all persons within the City of Wylie, especially for very low to moderate income households, and that City Council supports the proposed application and encourages the development of Jericho Village. SECTION 2: The City Manager is authorized to take any reasonable and necessary action to effectuate the direction and intention of this Resolution. SECTION 3: This Resolution shall take effect immediately upon its passage. Resolution No. 2023-05(R) — Resolution of Support for Agape Page 1 of 2 DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 11th day of April, 2023. 69,?24-r/ atthew Porter, Mayor ATTEST: .Jck 0 pludimt Stephanie Storm, City Secretary /7 Resolution No. 2023-05(R) — Resolution of Support for Agape Page 2 of 2