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Council holds closed-session consultation on 4% housing tax-credit application for Denison Family Apartments; no action taken
Summary
City council convened in executive session to consult with the city attorney about a no-objection resolution regarding a Texas Department of Housing and Community Affairs application for noncompetitive 4% housing tax credits for a 264-unit Denison Family Apartments at 1000 Memorial Drive; council returned with no action taken.
The Denison City Council convened an executive session Monday to consult with the city attorney about a proposed resolution of no objection tied to an application to the Texas Department of Housing and Community Affairs for noncompetitive 4% housing tax credits.
The matter concerns an entity to be formed, Housing Associates 1 limited partnership, and an application for the Denison Family Apartments, a proposed 264-unit multifamily rental housing development at 1000 Memorial Drive. The executive-session agenda also referenced a proposed cooperation agreement with the Texas Housing Foundation for the 1000 Memorial Drive project.
After the closed session, the council reconvened in open session and announced that no action would be taken on the item during the meeting.
Because the consultation occurred under the attorney–client exception in Texas Government Code Section 551.071, specifics discussed in executive session were not disclosed in open session, and no council votes or resolutions were recorded in public minutes at the meeting.
