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HomeMy WebLinkAbout032673 RES - 02/15/2022Resolution of the City Council of the City of Corpus Christi, Texas in support of the proposed 9% Housing Tax Credit for an affordable housing project known as Weber Lofts to be developed by Creative Urban Multifamily LLC. Whereas, Creative Urban Multifamily LLC. (the "Applicant") has proposed a development project to construct a 58 -unit multi -family development for renters with household incomes at or below 60% of the area median income. The proposed development is located at the southwest corner of Weber Road and Capitol Drive. ("Weber Lofts Project"); Whereas, the Applicant intends to submit an application to the Texas Department of Housing and Community Affairs ("TDHCA") for 2022 Housing Tax Credits for the Weber Lofts Project; and 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 Weber Lofts Project located at the southwest corner of Weber Road and Capitol Drive, Corpus Christi, Texas. Section 3. The City commits $500 in reduced fees if the Weber Lofts Project is awarded low-income housing tax credits. PASSED AND APPROVED on the 151 day of 2022: Paulette M. Guajardo Roland Barrera Gil Hernandez Michael Hunter Billy Lerma John Martinez Ben Molina Mike Pusley ALlx Ayk Jit -&,(NA 1 0 3 2 6 7 3 SCANNED Greg Smith ATTEST: OF CORPUS CHRISTI 1AL4- Rebecca Huerta City Secretary 2 0 7.673 Paulette M. Guajardo Mayor