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Developers seek city resolutions for two Beaumont affordable-housing projects; staff scores differ
Summary
Two developers requested council support for state tax-credit funding: KCG Companies proposed a 63-unit Riva Ridge project at 5695 Concord Road and ITEX proposed a 100-unit Batten Arms rehabilitation; city scoring gave Riva Ridge 27 points and Batten Arms 18 points; staff said resolutions of support are needed by Feb. 18 for state funding rounds.
Two developers asked Beaumont City Council for support of affordable-housing proposals that would be submitted for state low-income housing tax credit consideration; staff presented a scoring summary and explained next steps.
Why it matters: City resolutions of support can increase a project's competitiveness for Texas Department of Housing and Community Affairs (TDHCA) tax-credit rounds. One application (a ground-up 63-unit project) scored higher on the city's amenity matrix; the other is a proposed rehabilitation of an existing 100-unit senior complex.
Projects presented
- Riva Ridge (5695 Concord Road) '0 KCG Companies (presenter: CJ Littner) proposed a roughly 2.5-acre development adjacent to the Target on Concord Road. The proposal described 63 rental homes: about 40 traditional three-story…
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