HomeMy WebLinkAbout033296 RES - 02/13/2024Resolution in support of the proposed 9% Low-income Housing Tax
Credits for an up to 81-unit affordable housing project known as Palms
at Morris at 2212 Morris Street to be developed by TG 110 Palms at
Morris, LP.
Whereas, TG 110 Palms at Morris, LP (the "Applicant") has proposed a
development project to construct an up to 81-unit multifamily development for renter
households with incomes at or below 60% of the area median income. The proposed
development is located at 2212 Morris Street. ("Palms at Morris");
Whereas, the Applicant intends to submit an application to the Texas Department
of Housing and Community Affairs ("TDHCA") for 2024 Housing Tax Credits for the Palms
at Morris; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS, THAT:
S ection 1. The City Council of the City of Corpus Christi hereby supports the
proposed Palms at Morris.
S ection 2. The City Council for the City of Corpus Christi hereby acknowledges
support for the proposed Corpus Christi Project located at 2212 Morris Street.
S ection 3. The City commits $500 in reduced fees if the Palms at Morris Project
is awarded low-income housing tax credits.
ED and APPROVED on the 13-Nay of
'yC7
P+ulette Guajardo, M
2024.
ATTEST:
Reb - cca uerta, City ecretary