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Council approves $1.16M package to back Palms at Morris affordable housing project
Summary
After extended public comment and council debate, Corpus Christi City Council approved a package of local subsidies and land concessions to support Prospera's Palms at Morris, a tax-credit-funded senior housing project on the city's West Side.
Corpus Christi City Council on a majority vote approved local subsidies and related concessions to support Palms at Morris, a low-income senior housing project developed by Prospera/ TG 110.
The council debated an item that combines a $1,160,000 HOME/type-B loan at 3% interest with fee deferrals, waived easements and a $510,000 city land conveyance. Council members heard about the project's financing and the history of neighborhood revitalization before voting to approve the development agreement.
The housing proposal drew public comment from current and former residents of Prospera-managed properties, who urged council support. Janine Carrasco, a resident who said she had lived at Hacienda Senior Apartments for 10 years, told the council, "I love Prospera. I ask you to support Prospera Project for more affordable housing." Several other residents repeated requests for continued city support.
Why it matters: Council members said the project is intended to bring…
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