HomeMy WebLinkAbout033869 RES - 02/17/2026Resolution in support of the proposed 9% Low-income Housing Tax
Credits for an approximately 101-unit mixed income housing
development known as Sea Gulf Villas located at 416 N. Chaparral
Street as proposed by UDG Sea Gulf Villas, LTD.
Whereas, UDG Sea Gulf Villas, LTD, (the "Applicant") has proposed a
development project to rehabilitate an approximately 101-unit project for senior and family
renter households with mixed incomes. The proposed development is at 416 N. Chaparral
Street. ("Sea Gulf Villas");
Whereas, the Applicant intends to submit an application to the Texas Department
of Housing and Community Affairs ("TDHCA") for 2026 Housing Tax Credits for Sea Gulf
Villas; 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 Sea Gulf Villas;
Section 2. The City Council for the City of Corpus Christi hereby acknowledges
support for the proposed Sea Gulf Villas project located at 416 N. Chaparral Street; and
Section 3. The City commits $500 in reduced fees or other equivalent dollar value
participation if the Sea Gulf Villas Project is awarded low-income housing tax credits.
PASSED and APPROVED on the 1 1dray of
Paulette Guajardo, May
A TEST:
P
ebecca Huerta, Citjr Secretary
033 869
SCANNED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly
authorized representative), hereby certify to the City Council and other appropriate officers that
the money required for the current fiscal year's portion of the contract, agreement, obligation
or expenditure described below is in the Treasury to the credit of the Fund specified below, from
which it is to be drawn, and has not been appropriated for any other purpose. Future payments
are subject to annual appropriation by the City Council.
City Council Action Date: February 17, 2026 Legistar Number: 26-0185
Agenda Item:
Resolution in support of the proposed 9% Low-income Housing Tax Credits for an
approximately 101-unit mixed income housing development known as Sea Gulf Villas located
at 416 N. Chaparral Street as proposed by UDG Sea Gulf Villas, LTD.
Amount Required: $500.00
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
General Fund
1020-24-11450
530000
$500.00
Total
$500.00 \`
❑ Certification Not Required
Director of Financial Services
Date: - -a 0 DI)