HomeMy WebLinkAbout029757 RES - 02/26/2013Resolution of the City Council of the City of Corpus Christi, Texas in support of
the proposed affordable housing project known as Woodland Creek Apartments
to be developed by TG 110, Inc.
Whereas, TG 110, Inc. has proposed a development project to demolish and reconstruct
94 apartments to provide affordable housing to be located at 11641 Leopard Street, Corpus
Christi, Texas 78410 and named Woodland Creek Apartments ( "Woodland Creek Apartment
Project "); and
Whereas, TG 110, Inc. intends to submit an application to the Texas Department of
Housing and Community Affairs ( "TDHCA ") for 2013 Housing Tax Credits for the Woodland
Creek Apartment Project; and
Whereas, TG 110, Inc. has applied for HOME funding for the Woodland Creek
Apartment Project in the amount of $470,000 from the City of Corpus Christi which represents
$5,000 in funding per affordable rental unit; and
Whereas, Section 11.9(d)(3)(B) of the 2013 State of Texas Qualified Allocation Plan
states that one point may be added in the Housing Tax Credits evaluation process if the
applicant provides a firm commitment of funds in the form of a resolution from the unit of
general local government in its application; and
Whereas, the City of Corpus Christi intends to set aside HOME Funds in the City of
Corpus Christi FY 2013 Consolidated Annual Action Plan ( "CAAP ") to support the TG 110, Inc.
Woodland Creek Apartment Project subject to an award of Low Income Housing Tax Credits
from the Texas Department of Housing and Community Affairs to TG 110, Inc., and subject to
receipt of sufficient available Department of Housing and Urban Development funding.
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 proposed
Woodland Creek Apartment Project.
Section 2. The City Council for the City of Corpus Christi hereby acknowledges the
support for the allocation of Housing Tax Credits for the Woodland Creek Apartment Project.
PASSED AND APPROVED this c t(� day of ! 2013 at a Regular Meeting of
the City Council of the City of Corpus Christi, Texas.
029757
INDEXED
ATTEST:
CITY OF PUS HRISTI
Armando Chapa Nelda Martinez
City Secretary Mayor
Corpus Christi, Texas
�of
The above resolution was passed by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
029757