Council denies support for 74‑unit Big Cedar LIHTC project amid concerns about concentrated low‑income development

Council discussion on agenda item 12 focused on a resolution of support for Roundstone Development LLC’s application to the Texas Department of Housing and Community Affairs for nine‑percent Low‑Income Housing Tax Credit (LIHTC) financing for "The Cottages at Big Cedar," a proposed 74‑unit development in Council District 3. Councilmember Zaren Gracie moved to deny the resolution of support, arguing the neighborhood had insufficient notice and that District 3 had seen a concentration of similar tax‑credit projects that the council should not continue to permit without fuller economic planning.