HomeMy WebLinkAbout033580 RES - 02/11/2025Resolution in support of the proposed 9% Low-income Housing Tax
Credits for an up to 75-unit affordable housing project known as
Bayside Apartments at 5409 Lipes Boulevard to be developed by
Madhouse Development Services and Avanti Legacy Bayside LP.
Whereas, Madhouse Development Services, (the "Applicant") has proposed a
development project to construct an up to 75-unit multifamily development for renter
households with incomes at or below 60% of the area median income. The proposed
development is located at 5409 Lipes Boulevard. ("Bayside Apartments");
Whereas, the Applicant intends to submit an application to the Texas Department
of Housing and Community Affairs ("TDHCA") for 2025 Housing Tax Credits for the
Bayside Apartments; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS, THAT:
Section 1. The City Council of the City of Corpus Christi hereby supports the
proposed Bayside Apartments.
Section 2. The City Council for the City of Corpus Christi hereby acknowledges
support for the proposed Corpus Christi Project located at 5409 Lipes Boulevard.
Section 3. The City commits $500 in reduced fees or other equivalent dollar value
participation if the Bayside Apartments Project is awarded low-income housing tax
credits.
SS ' and APPR• ED on the ' 1,
day of R-1') / , 2025.
A
Paulette Guajardo, Mayo Rebecca Huerta, City'Secretary
833580 SCANNED