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Committee OKs housing authorityrequest for full property tax exemption on 232-unit rental project; one councilmember opposes
Summary
The Community Development and Planning board voted to forward a Housing Authority-backed rental project seeking a full property tax exemption for a 232-unit development to City Council after staff recommendation and local debate about affordability levels.
Ian Benavides, director of the Department of Construction Services, told the Community Development and Planning board that staff recommends approval of a request by the Housing Authority of San Antonio for a full property tax exemption to support a new rental project.
Benavides said the project would include 232 units with a mix of market-rate one- and two-bedroom apartments and affordability set aside tiers. "La recomendación del personal es recomienda aprobar la solicitud," he said. He also said the project includes reserves and supportive services intended to assist low-income residents and that the request is subject to the requirement in "la legislación 303 del Código de Gobierno del local de Texas" that…
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