Council backs resolution supporting Mount Pleasant Trails senior housing tax-credit application

The Mount Pleasant City Council voted unanimously to adopt Resolution 2025-1, a letter of support for Mount Pleasant Trails, a proposed affordable rental senior housing project that will seek Low-Income Housing Tax Credits administered by the Texas Department of Housing and Community Affairs.

Michael Fogle, principal with Trinity Housing Development, told the council the proposal is for a three-story, 52‑unit building on a 4.3-acre site on Tennyson Road just south of Walmart and east of Cypress Creek Apartments. He described the project as a senior development limited to residents 55 and older and said the site has been zoned for multifamily since 2021.

"We would maintain ownership of the property long term for decades to come. The tax credit and the compliance monitoring period is 35 years," said Michael Fogle, representing Trinity Housing Development. That monitoring period, he said, provides private oversight of compliance with income and occupancy limits required by the tax-credit program.

Fogle explained that the federal tax-credit program provides an allocation of tax credits to states; developers are awarded credits and typically sell them to investors at a discounted present value to raise construction funds. He said Trinity is not applying for state funding in the form of a direct cash grant but is applying for tax credits administered by the state housing agency.

Council members asked about the project's senior occupancy limits, and Fogle said the development would be age-restricted to 55 and older and that he and staff could clarify that in the city's resolution of support. Staff confirmed that the draft resolution's text identifies the project as affordable rental housing for adults 55 and older.

Council Member Hagerman moved to approve Resolution 2025-1; Council Member Hinton seconded. The resolution passed unanimously.

The developer said units would be income‑restricted according to tax-credit rules (typically targeted at households earning 30%–60% of area median income, as stated by the presenter) and that the project would include on-site management and compliance monitoring throughout the tax-credit compliance period. Trinity described site amenities commonly associated with new multifamily developments and said the project aims to provide senior rental options near grocery and medical services.

Staff and the developer emphasized that the resolution is a statement of support for the tax-credit application only and does not approve the project’s final site plans, building permits or other city approvals; the project will still be required to complete all planning and zoning processes.