Developer seeks Irving's exception to TDHCA distance rule for 72-unit adaptive reuse LITEC project
A developer asked Irving council for a resolution allowing an exception to the Texas Department of Housing and Community Affairs 1-mile rule and a resolution of support for a proposed mixed-use adaptive-reuse LITEC application at 2520 West Irving Boulevard; staff said the project would propose about 72 units at 80% AMI with a 45-year affordability period and may require zoning variances.
The full story
Developers seeking Low-Income Tax Equity Credit (LITEC) support asked Irving council for two resolutions at the Feb. 26 work session: (1) an exception to the Texas Department of Housing and Community Affairs (TDHCA) one-mile rule that can bar an application located within one mile of a recently awarded project serving similar populations, and (2) a resolution of local support that awards scoring points in the competitive application.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.