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Council backs developer's application for housing investor tax credits for Redbud-area project
Summary
Council approved a resolution supporting Tennoque Investments LLC's application to Kansas Housing Resources Corporation for housing investor tax credits for a proposed development at David and Ohio streets; the support is a procedural step in the tax-credit application process.
Council voted to adopt a resolution supporting Tennoque Investments LLC's application to the Kansas Housing Resources Corporation (KHRC) for housing investor tax credits for a proposed housing development at David and Ohio streets.
Staff said the city had updated its housing study — a prerequisite for incentive consideration — and that the resolution places the proposed project into KHRC's application queue. The vote does not approve any development agreement or municipal incentive beyond the city's letter of local support; it simply authorizes staff to submit the required resolution and materials to KHRC so the developer may apply for credits.
Councilmembers and staff praised the developer's interest and noted subsequent planning-commission and development-agreement steps would be required if tax credits are awarded and the project moves forward.
