Citizen Portal
Sign In

Developer pitches 70-unit, 55+ affordable housing project and asks for council support on tax-credit application

Temple City Council · January 16, 2026

Loading...

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

JES Holdings presented a proposal for a 70-unit, age-restricted (55+) affordable housing development and requested a council resolution of support for its application to the Texas Department of Housing and Community Affairs 9% tax-credit round.

Temple — Representatives of JES Holdings LLC presented a proposal at the Jan. 15 council workshop for a 70-unit, age-restricted (55 and older) affordable housing development and asked the council for a resolution of support ahead of the Texas low-income housing tax-credit application.

Ryan Garcia, identified in the meeting as development manager for JES Holdings, said the project would be located at 1402 South 57th Street on about 6.3 acres and would include three stories of residential housing with community amenities aimed at seniors. Garcia described JES Holdings as a vertically integrated firm that acts as developer, general contractor and property manager and said, "We're not trying to build something and then flip out of it in a couple years. We are investing for the long term because we're the developer, because we are the contractor, because we're the property manager and we have the tax credit investments." Garcia asked the council to provide a resolution of support — a point worth 16 points in the state's scoring process — and noted the application will also seek a $500 fee waiver that factors into scoring.

Garcia outlined the proposed unit mix and income targeting: a majority of units at 60% of area median income (AMI), with additional units at 50% and 30% AMI for the most income-restricted seniors. He said the development will seek a 9% tax-credit award under the Texas Department of Housing and Community Affairs process; Garcia said Region 8's available credits total about $3,687,000 and that several nearby projects were competing for allocations. He described an expected timeline: final application in February, awards in July/August, permitting through the end of the year and construction beginning the following year if awarded.

No council vote on a resolution of support was recorded at the workshop; Garcia said staff would return with required zoning and that the developer will follow the tax-credit timetable.