HomeMy WebLinkAboutResolution - 2022-R0069 - Wheldon Development - HTC Support with TDHCAResolution No. 2022-R0069
Item No. 7.11
February 8, 2022
RESOLUTION
WHEREAS, KCG Development, LLC has proposed a development for affordable rental
housing to be named The Wheldon to be located at the Northeast Quadrant of Avenue U and
86th Street; and
WHEREAS, KCG Development, LLC intends to submit an application to the Texas
Department of Housing and Community Affairs for 2022 Competitive 9% Housing Tax Credits
for The Wheldon of Lubbock; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock hereby confirms that it supports the application
for the Texas Department of Ilousing and Community Affairs 2022 Competitive 9% Housing
Tax Credits for the proposed development of The Wheldon of Lubbock by KCG Development,
LLC; and
THAT the City Council of the City of Lubbock hereby directs City staff to provide a one-time
permit fee waiver in the amount of five hundred dollars ($500) to be applied to an application
for a permit by KCG Development, LLC if it is awarded the Texas Department of I lousing and
Community Affairs 2022 Competitive 9% Housing Tax Credits for the proposed development
of The Wheldon of Lubbock; and
THAT the governing body affirms that the proposed Development is consistent with the
jurisdiction's obligation to affirmatively further fair housing.
Passed by the City Council on February 8, 2022
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DANIEL M. POPE, l YOR
Garza, City
APPROVED AS TO CONTENT:
Bill H rton, Dep onager
APPROVED AS TO FORM:
elli Leisure, Assistant City Attomey
.doWRES. Adoption -Housing Crtdits-'M ftOdon Cnvmmd
2.22.22