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Commissioners back HOME'led 40-unit Vinton affordable housing project and authorize county support
Summary
The court approved a resolution supporting HOME's proposed 40-unit affordable development in Vinton and authorized a county resolution of support required by the Texas rural tax credit program.
El Paso County Commissioners Court voted Feb. 24 to support a proposed 40-unit affordable housing development in Vinton and to authorize the county judge to sign a resolution the developer needs to pursue state rural housing tax credits.
Why it matters: The state rural housing tax credit program is competitive. Local approval is a required step for projects seeking credits that fund construction of affordable rental housing. The developer, represented at the meeting, said the project would produce 2- and 3-bedroom units at income limits at or below 60% AMI; HOME said no county funds are requested.
What the court approved: The court approved a resolution of support and directed staff to sign the paperwork permitting the applicant to move forward with the competitive tax credit application. Commissioners and staff emphasized the project's alignment with county goals to add affordable units in the Upper Valley and noted a similar HOME project in Clint that leased up quickly.
Context and next steps: County staff said the county is not providing direct funding; the resolution is to enable the developer to apply for credits. The project team said underwriting will determine how many deeper affordability units (30% or 50% AMI) can be included. HOME invited commissioners to a ribbon cutting for the completed Clint project March 19.
Ending: County support clears a local procedural hurdle; the application will next be evaluated by the Texas housing tax credit process and the county will not be the origin of construction funding.
