HomeMy WebLinkAbout031666 RES - 02/12/2019 Resolution identifying the project known as Casa de Manana
Apartments as a development that will contribute most
significantly to the concerted revitalization efforts of the City in
the La Molina — Near West Area
Whereas, the City of Corpus Christi has considered the revitalization needs
of the La Molina — Near West Area (the "Designated Area") and approved a
Community Revitalization Plan (the "Plan") for the Designated Area on September
11, 2018; and
Whereas, in furtherance of the community revitalization activities noted in the
Plan, TG 110 Casa de Manana, LP and its affiliates (the "Applicant") propose to
renovate an affordable housing development with up to 99 residential units (the
"Affordable Housing") in the Designated Area, to be known as Casa de Manana
Apartments; and
Whereas, the Applicant proposes to apply for financing for the Affordable
Housing, including Low Income Housing Tax Credits ("Tax Credits")from the Texas
Department of Housing and Community Affairs ("TDHCA") pursuant to TDHCA's
2019 Qualified Allocation Plan(the "QAP"); and
Whereas, the City supports the development of the Affordable Housing
because of its experienced and anticipated community revitalization impact for the
Designated Area; and
Whereas, the Affordable Housing is the only applicant for Tax Credits in the
2019 competitive round that the City wishes to identify as contributing most
significantly to the City's revitalization efforts in the Designated area pursuant to
Section 11.9(d)(7)(A)(iv)(II) of the QAP.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS:
Section 1. The City Council for the City of Corpus Christi hereby supports the
development of the Affordable Housing and has selected the Affordable Housing as
the only proposed Tax Credit application for 2019 that contributes most significantly
to the City's concerted revitalization efforts in the Designated Area.
Section 2. This resolution shall become effective immediately upon its passage.
031666
SCANNED
The above resolution was passed by the following vote:
Joe McComb LA •
Roland Barrera
Rudy Garza at;L
Paulette M. Guajardo OD)
Gil Hernandez
Michael Hunter
Ben Molina Q,{1
Everett Roy
Greg Smith
ATTEST: CITY OF CORPUS CHRISTI
1
4tiOjL'ee0. tkit 1,640"441
Rebecca Huerta Joe Comb
City Secretary Ma or
Corpus Christi, Texas
1.Z day of Lada, , 2019
031666