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Developer seeks city support for LIHTC rehabilitation of Embassy Apartments; application scores 78/100
Summary
Oceda Industries asked the council to consider a resolution of support for a Low-Income Housing Tax Credit rehab of the Embassy Apartments (1415 W. Airport Freeway). The project scored 78 of 100 under the state's scoring criteria and staff will place the resolution on the Feb. 6 council agenda.
The City of Irving received an application from Oceda Industries seeking Low-Income Housing Tax Credits (LIHTC) to rehabilitate the Embassy Apartments at 1415 W. Airport Freeway. At the work session staff summarized the application and the city's role: a local resolution of support (which yields points in the state competition), a request for a small development commitment and the required threshold review.
Project details: The tax-credit application describes a rehabilitation (not demolition) of a nine-building…
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