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Council backs 120-unit affordable-housing application at 5711 Industrial Drive
Summary
Council voted to support Greenville Development LLC's application for 2026 9% low-income housing tax credits for a proposed 120-unit development at 5711 Nautilus (Industrial Drive), a move that would award the project additional points in the competitive process.
City staff presented a resolution supporting Greenville Development LLC's application to the Texas Department of Housing and Community Affairs for 9% low-income housing tax credits, explaining that council approval would give the project additional competitive points. "This is for a 120 units of affordable housing," the presenter said, describing the site as raw property adjacent to existing Ranch View Apartments.
Council discussed prior consideration of a related downtown project and noted the city had previously opposed a separate conversion project; the council moved, seconded and approved the resolution supporting the 5711 Nautilus application unanimously.
