Loading...
Resolution 2018-07RESOLUTION NO. 2018-07(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE FOR SUPPORT FOR A PROPOSED SENIOR AGE RESTRICTED AFFORDABLE HOUSING TAX CREDIT PROJECT, HERITAGE AT WYLIE, LOCATED ON 13 ACRES AT THE APPROXIMATE 2300 BLOCK OF COUNTY LINE ROAD, WYLIE, TEXAS. WHEREAS, Wylie Housing Partners, Ltd, has advised the City of Wylie that it intends to submit an application for affordable rental housing to the Texas Department of Housing and Community Affairs (TDHCA) for 2018 Competitive 9% Housing Tax Credits within Region #3, Urban Category, in the City of Wylie, Rockwall County, Texas; and, WHEREAS, Wylie Housing Partners, Ltd, has proposed a development for a new senior age restricted affordable multi -family housing development at the approximate 2300 Block of County Line Road, named Heritage at Wylie in the City of Wylie, Rockwall 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 Wylie) who confirms the City of Wylie will provide (waived permit fees.) 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 WYLIE, TEXAS, THAT: 1. The governing body of the City of Wylie supports new opportunities to encourage the development of quality, affordable housing for its residents. 2. The City of Wylie acting through its governing body, hereby confirms its support for the proposed senior age restricted Heritage at Wylie to be located on 13 acres at the approximate 2300 Block of County Line Road; and this formal action has been taken to put on record the opinion expressed by the City of Wylie. 3. This resolution supports and is intended to allow Wylie Housing Partners, Ltd to receive funding from Texas Department of Housing and Community Affairs (TDHCA) Competitive 9% Housing Tax Credits for Heritage at Wylie located in the City of Wylie. 4. This resolution of support is intended to allow Heritage at Wylie to receive the maximum number of scoring points in relation to its Housing Tax Credit (HTC) application for its senior age restricted multifamily development project to be located in Wylie. 5. The governing body of the City of Wylie confirms it will waive permit fees not to exceed $500 for Wylie Housing Partners, Ltd. The commitment shall be void upon the withdrawal of a tax credit application by the Applicant, upon termination of the application by TDHCA or upon failure to receive a 2018 award of tax credits. Resolution 2018-07(R) Proposed Senior Age Restricted Affordable Housing Tax Credit Project, Heritage At Wylie 6. The governing body of the City of Wylie 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 23rd day of January, 2018. ATTEST: Carole Ehrlich, ity Secretary Eric Hogue, May Resolution 2018-07(R) Proposed Senior Age Restricted Affordable Housing Tax Credit Project, Heritage At Wylie