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Court approves lienholder consent addendum to protect low‑income tenants in Saint Anthony's housing project
Summary
The commissioners authorized a lienholder subordination addendum for Saint Anthony's Housing 20 LP's tax‑credit project with the Texas Department of Housing and Community Affairs that staff said would preserve tenant protections in the event of foreclosure.
County staff asked the court to authorize execution of an addendum consenting to lienholder subordination as part of a tax‑credit financing agreement between Saint Anthony's Housing 20 LP and the Texas Department of Housing and Community Affairs. Staff said the addendum ensures low‑income tenants would have a period to remain in place if foreclosure occurred, preserving housing stability during a transition.
Staff said the arrangement aligns with the county's prior support of the project and that the addendum affects any secured interest the county holds as part of its prior support. Commissioners moved, seconded and approved authorizing the county judge to execute the addendum.
The court's action allows county staff to finalize the addendum and sign on behalf of the county; no additional county financial commitment was presented on the record.
