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Waco staff recommends backing three TDHCA housing tax credit applications, asks council to waive 15% market-rate rule
Summary
City staff recommended council letters of support for three 2026 Texas Department of Housing and Community Affairs tax-credit applications (Trails Apartments, Estuary Waco, Devonshire Station) and proposed waivers of a 15% market-rate unit policy to improve competitiveness; applications are due Feb. 27 with awards expected by July.
Galen Price, director of housing and community development, presented three requests for resolutions of support for 2026 housing tax credit applications to the City Council on Feb. 17.
The proposals are: • Trails Apartments, located at the northwest corner of Girly and 21st Street, estimated at approximately $22,000,000 to develop up to 121 two‑ and one‑bedroom family units; proposed amenities include energy‑efficient appliances and community/business space. • Estuary Waco, a partnership between Friends for Life…
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