HomeMy WebLinkAbout032987 RES - 02/14/2023Resolution in support of the proposed 9% Housing Tax Credits for a
projected 74 -unit affordable housing project known as Corpus Christi
Lofts at 6502 Holly Road to be developed by Structure Development
and MRE Capital, LLC.
Whereas, Structure Development and MRE Capital, LLC. (the "Applicant") has
proposed a development project to construct a 74 -unit multifamily development for renter
households with incomes at or below 60% of the area median income. The proposed
development is located at 6502 Holly Road. ("Corpus Christi Lofts Project");
Whereas, the Applicant intends to submit an application to the Texas Department
of Housing and Community Affairs ("TDHCA") for 2023 Housing Tax Credits for the
Corpus Christi Lofts Project; 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 Corpus Christi Lofts Project.
Section 2. The City Council for the City of Corpus Christi hereby acknowledges
support for the proposed Corpus Christi Project located at 6502 Holly Road.
Section 3. The City commits $500 in reduced fees if the Corpus Christi Lofts
Project is awarded low income housing tax credits.
PASSED AND APPROVED on the Ito day of CEJ 2023:
Paulette Guajardo
Roland Barrera
Sylvia Campos
Gil Hernandez
Michael Hunter
Jim Klein
Mike Pusley
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A4A
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032 987
SCANNED
Everett Roy
Dan Suckley
ATTEST:
OF CORPUS CHRISTI
Rebecca Huerta Paulette Guajardo
City Secretary
Mayor
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032987