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Committee backs updated policy to support Texas low-income housing tax credit applications
Summary
Planning and housing staff presented updated policy guidance on Oct. 28 to govern which developers receive the city's endorsement for Low-Income Housing Tax Credit applications, and the committee voted to forward the changes to City Council.
Planning and housing staff presented an updated policy on Oct. 28 for how the city will recommend Low-Income Housing Tax Credit applicants to the Texas Department of Housing and Community Affairs. The committee voted to forward the recommended changes to City Council consideration following a staff presentation and questions from committee members.
Housing staff said the Texas program includes a competitive 9 percent credit and a noncompetitive 4 percent credit and that local…
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