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Court backs non‑objection for Linden Ranch Apartments; developer lays out pilot payment structure
Summary
The court approved a resolution stating non‑objection to the Linden Ranch Apartments project in partnership with the New Braunfels Housing Authority; developer Curtis Thigpen said the annual pilot payment to the housing authority is $150,000 with 3% escalation and roughly $100,000 would flow to the county.
The Comal County Commissioner’s Court approved a statement of non‑objection June 12 for the proposed Linden Ranch Apartments, a multifamily development to be partnered with the New Braunfels Housing Authority. Developer Curtis Thigpen told the court the project would be structured under Chapter 392 and include an affordable component where 50% of the units would be set aside for residents earning at or below 80% of area median income.
Thigpen said the annual pilot payment to the New Braunfels Housing Authority will be $150,000 with a 3% annual escalation and that "0.667 of that, a 100,000 of that, annually, would come back to the county." Commissioners discussed the financing structure and governance — one commissioner contrasted Chapter 392 with Chapter 394 and said the local housing authority partnership made the project more palatable for constituents. The resolution passed after motion and second.
