File #: 25-3998    Version: 1 Name:
Type: Resolution Status: Public Hearing
File created: 3/17/2025 In control: City Council
On agenda: 4/7/2025 Final action:
Title: Public Hearing: Consideration of a Resolution of the City Council of the City of Lewisville, Texas, of No Objection to an Application for Non-Competitive (4%) Housing Tax Credits from the Texas Department of Housing and Community Affairs for a Proposed Mixed-Income Development by Waters at Stone Creek, LP, or an Affiliate, to be Located at 328 E Southwest Parkway.
Attachments: 1. 1. Staff Memo, 2. 2. Waters at Stonecreek Resolution of No Objection 2025.03.pdf, 3. 3. Lewisville LIHTC 2024 Application, 4. 4. Stone Creek Official 5306 Bond Reservation Certificate 1 16 25
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title

Public Hearing: Consideration of a Resolution of the City Council of the City of Lewisville, Texas, of No Objection to an Application for Non-Competitive (4%) Housing Tax Credits from the Texas Department of Housing and Community Affairs for a Proposed Mixed-Income Development by Waters at Stone Creek, LP, or an Affiliate, to be Located at 328 E Southwest Parkway.

 

request

ADMINISTRATIVE COMMENTS:

 

Atlantic Housing Foundation is requesting a resolution of no objection of their application to the Texas Department of Housing and Community Affairs for Non-Competitive 4% Housing Tax Credits. These tax credits provide the financial mechanism that would allow for substantial renovations at the Stone Creek Apartments. This resolution only provides the City’s support of their tax credit application.

 

RECOMMENDATION:

 

That the City Council approve the resolution of no objection as set forth in the caption above.