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Committee endorses staff recommendation to back 12 local applicants for 9% housing tax credits
Summary
Staff recommended support for 12 of 16 applicants for the state's competitive 9% Low‑Income Housing Tax Credits; committee voted to provide a city resolution of support (which does not guarantee state awards). Projects include new construction and rehabilitation, some with pre‑K components.
The Planning and Community Development Committee voted Jan. 27 to approve staff recommendations to provide city resolutions of support for up to 12 local applicants seeking 9% Low‑Income Housing Tax Credits for 2026, a competitive state program that typically covers about 70% of development costs for selected projects.
"Esta solicitud se abre una vez al año... 9 por 100, cubre el 70 por 100 del costo de desarrollo," said Erika Corral of the Housing Department as she summarized the round. Staff reported 16 total applications — 12 new construction and 4 rehabilitation projects — and noted one applicant outside San Antonio (Converse).
Staff recommended supporting 12 applications and noted that only a subset of resolutions typically result in an award; for example, the department recommended 12 last year and only two received awards from the state. Several proposed projects include a pre‑K component and rehabilitation candidates are shown on maps provided to the committee.
Committee members praised the mix of projects and the role of the Housing Trust in supporting applicants. A voice vote was taken and the motion passed; the committee approved the staff recommendation to provide the necessary letters of support and to proceed with two separate votes for the two resolutions referenced in the presentation.
The city emphasized that a resolution of support or a city letter does not guarantee state tax credits; final awards will be decided by the state program later in the year.
