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Three affordable-housing proposals introduced; council told applicants may seek city support for tax-credit scoring
Nacogdoches City Council · December 18, 2024
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
Staff briefed the council on the Low-Income Housing Tax Credit process and three pre-applications (Pioneer Crossing, Elm Grove and an unnamed mixed-income senior project); applicants may ask for a resolution of support and a $250 fee waiver when they return for action.
City staffer Philpott gave an overview of the Low-Income Housing Tax Credit (LIHTC) program and introduced three pre-applications in the region. Philpott explained the state scoring process and said local government support and fee waivers can add points in…
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