Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Affordable Housing Finance topic
No spam. Unsubscribe anytime.
Council issues ‘no objection’ for Torrington Creekside tax‑credit application; MHFC bond hearing held
Summary
Council adopted a resolution of no objection to Torrington Creekside’s application for non‑competitive 4% housing tax credits and held a public hearing required under state law on potential MHFC bond issuance; staff noted a prior inducement for up to $50 million in private activity bonds. The resolution passed unanimously.
The Mesquite City Council voted unanimously on Feb. 16 to approve Resolution No. 03‑2026, providing a statement of "no objection" for Torrington Creekside, LP’s application to the Texas Department of Housing and Community Affairs (TDHCA) for non‑competitive 4% housing tax credits for an approximately 291‑unit affordable rental development at or about 900 and 1000 Windbell Circle.
Ted Chinn, the city’s Director of Finance, explained the administrative steps: before the TDHCA approves applications for developments financed with private activity bonds, the governing body where the proposed development is located must hold a public hearing and may adopt a resolution indicating it does not object to the application. Chinn noted the Mesquite Housing Finance Corporation previously passed an inducement resolution authorizing an application for up to $50 million in private activity bonds to support the proposed development.
Karsten Lowe, representing the developer, said the city’s resolution will allow the developer to apply to the state for funding. Councilmember Kenny Green moved to approve the resolution; Councilmember Elizabeth Rodriguez‑Ross seconded and the resolution passed unanimously. The council also held a separate public hearing, as required by Section 394.9025 of the Texas Local Government Code, on possible MHFC bond issuance for the same Torrington Creekside project; Chinn reiterated the geographic limits introduced by House Bill 21 and said no action was required at that hearing.
