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Committee advances La Ventada affordable-housing proposal to City Council; approves consent agenda of multifamily tax-credit projects
Summary
The committee voted unanimously to forward the La Ventada apartment project, a proposed Public Facility Corporation partnership with Marcus Equities, to the City Council for approval and approved a consent agenda that included 22 multifamily tax-credit projects.
The Planning and Development Committee voted to send a proposed partnership between the San Antonio Housing Facility Corporation (SAHFC) and Marcus Equities to the City Council for approval and approved an item on the consent agenda that includes 22 multifamily projects seeking tax-credit support.
Why it matters: The SAHFC partnership is structured as a Public Facility Corporation (PFC) action and, per staff, requires City Council approval because the SAHFC board is not elected. Committee approval advances the project to a council vote where tax-exempt or other approvals may be considered.
Eiel Benavides presented the proposal for “La Ventada,” described…
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