Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Waco staff recommends support for three housing tax credit applications to preserve and add affordable units
Summary
City staff recommended council support on Feb. 4 for three projects seeking housing tax credits — a 196‑unit rehab, a 104‑unit historic rehab and a 49‑unit adaptive reuse for seniors — and said resolutions of support would strengthen the projects’ TDHCA applications.
City staff briefed the Waco City Council on Feb. 4 about three applications seeking state housing tax credit points and recommended the council consider resolutions of support ahead of full applications due to the Texas Department of Housing and Community Affairs (TDHCA) application deadlines.
Galen Price, the director of Community Services, explained the Low Income Housing Tax Credit process, governed by Internal Revenue Code Section 42 and administered in Texas by TDHCA. Price said the program awards federal tax credits to investors and is scored competitively;…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
