HomeMy WebLinkAboutResolution - 2018-R0091 - Tax Credit 3Rd Street Loft - 02/22/2018Resolution No. 2018-R0091
Item No. 6.15
February 22, 2018
RESOLUTION
WHEREAS, 3`d Street Lofts Housing Partners, L.P. has proposed a development for affordable
rental housing to be named the 3`d Street Lofts to be located at 301 Paris Avenue, Lubbock,
Texas; and
WHEREAS, 3`d Street Lofts Housing Partners, L.P. intends to submit an application to the
Texas Department of Housing and Community Affairs for 2018 Competitive 9% Housing Tax
Credits for the 3`d Street Lofts; and
WHEREAS, the City Council of the City of Lubbock hereby finds that the proposed
development of the 3`d Street Lofts at 301 Paris Avenue, Lubbock, Texas by 3`d Street Lofts
Housing Partners, L.P. would be a public benefit to the City 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 and supports the application
for the Texas Department of Housing and Community Affairs 2018 Competitive 9% Housing
Tax Credits for the proposed development of the 3`d Street Lofts at 301 Paris Avenue,
Lubbock, Texas by 3`d Street Lofts Housing Partners, L.P.; and
THAT the City Council of the City of Lubbock hereby directs City staff to provide a one-time
permit fee waiver not to exceed five hundred dollars ($500) to be applied to an application for a
permit by 3`d Street Lofts Housing Partners, L.P. if it is awarded the Texas Department of
Housing and Community Affairs 2018 Competitive 9% Housing Tax Credits for the proposed
development of the 3`d Street Lofts; and
THAT the Mayor of the City of Lubbock is hereby authorized and directed to certify for and on
behalf of the City of Lubbock, this resolution to the Texas Department of Housing and
Community Affairs.
Passed by the City Council on February 22, 2018
DANIEL M. POPE, MAYOR
ATTEST:
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Rebe a Garza, City Secret tL,)
APPROVED AS TO CONTENT:
Bill How4rton, Assistant
APPROVED AS TO FORM:
ccdocs/RES. Confirmation and Support — 2018 Housing Tax Credits — 31d Street Lofts by 31d Street Lofts Housing Partners, L.P.
February 7, 2018