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Cesar Chavez Foundation seeks city cooperation and letter of support for $20M renovation at Village at Meadow Bend; council asks for fiscal impact analysis
Summary
The Cesar Chavez Foundation asked the council for a cooperation agreement and letter of support to pursue tax‑exempt bonds and 4% tax credit financing for a roughly $20 million renovation of the 237‑unit Village at Meadow Bend; council asked staff for a fiscal impact analysis before taking action.
Representatives of the Cesar Chavez Foundation returned to the council workshop on March 6 seeking a cooperation agreement and council letter of support to help secure tax‑exempt bond financing and 4% low‑income housing tax credits to renovate the Village at Meadow Bend, a 237‑unit affordable housing complex in Temple.
Presenters identified themselves as Sam Solis (property manager), Tim Smith (financial adviser) and Antonio Williams (CEO, Texarkana Housing Authority). The foundation said the project will combine the entire property into a single 4% tax‑credit deal, complete site‑wide rehabilitation and address tornado damage with a total renovation budget the…
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