HomeMy WebLinkAbout033579 RES - 02/11/2025 Resolution in support of the proposed 9% Low-income Housing Tax
Credits for an up to 75-unit affordable housing project known as Palo
Verde Senior Apartments at 5501 Huntwick Avenue to be developed
by Danco Communities
Whereas, Danco Communities (the "Applicant") has proposed a development
project to construct an up to 75-unit senior development for renter households with
incomes at or below 60% of the area median income. The proposed development is
located at 5501 Huntwick Avenue. ("Palo Verde Senior 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 Palo
Verde Senior 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 Palo Verde Senior Apartments.
Section 2. The City Council for the City of Corpus Christi hereby acknowledges
support for the proposed Corpus Christi Project located at 5501 Huntwick Avenue.
Section 3. The City commits $500 in reduced fees and or other equivalent dollar
value participation if the Palo Verde Senior Apartments Project is awarded low-income
housing tax credits.
PASS D an PPROV on the 1 '1Rday of Feb , 2025.
A S :
Paulette Guajardo, ay Rebecca Huerta, ity Secretary
033579 SCANNED