HomeMy WebLinkAbout033870 RES - 02/17/2026Resolution in support of the proposed 9% Low-income Housing Tax
Credits for an approximately 64-unit affordable housing development
known as Palms at Gollihar located on 5.25 acres of Greenwood Drive
at Gollihar Road to be developed by TG 110 Palms at Gollihar LP.
Whereas, TG 110 Palms at Gollihar, LP, (the "Applicant") has proposed a
development project to construct an approximately 64-unit development for renter
households with incomes at or below 60% of the area median income. The proposed
development is located along Gollihar just east of Greenwood. ("Palms at Gollihar");
Whereas, the Applicant intends to submit an application to the Texas Department
of Housing and Community Affairs ("TDHCA") for 2026 Housing Tax Credits for the Palms
at Gollihar; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
Section 1. The City Council of the City of Corpus Christi hereby supports the
proposed Palms at Gollihar;
Section 2. The City Council for the City of Corpus Christi hereby acknowledges
support for the proposed Corpus Christi Project located on 5.25 acres of Greenwood
Drive at Gollihar Road; and
Section 3. The City commits $500 in reduced fees or other equivalent dollar value
participation if the Palms at Gollihar Project is awarded low-income housing tax credits.
ti
PASSED and APPROVED on the I 1 tticlay of
Paulette Guajardo, Ma
toL
033870
, 2026.
ATTEST:
a Huerta, City Secretary
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
Agenda Item:
Legistar Number: 26-0186
Resolution in support of the proposed 9% Low-income Housing Tax Credits for an approximately
112-unit mixed income housing development known as Sea Gulf Villas located at 416 N.
Chaparral Street to be developed by Ulysses Development Group.
Amount Required: $500.00
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
General Fund
1020-24-11450
530000
$500.00
Total
$500.00
0 Certification Not Required
Director of Financial Services
Date: - / % -'2U ��