HomeMy WebLinkAboutResolution - 2023-R0086 - 9% Housing Tax Credit for Santa Fe Place Apartments, 43rd St and Justice AveResolution No. 2023-R0086
Item No. 6.5
February 14, 2023
RESOLUTION
WHEREAS, KRS Santa Fe Place, LP (f/k/a KRS Justice Place LP) has proposed a
development for affordable rental housing in the City of Lubbock near the SEQ of 43`d Street
and Justice Avenue named Santa Fe Place Apartments; and
WHEREAS, KRS Santa Fe Place, LP intends to submit an application to the Texas
Department of Housing and Community Affairs for 2023 Competitive 9% Housing Tax Credits
for Santa Fe Place Apartments; 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 Housing and Community Affairs (TDHCA) 2023 Competitive 9%
Housing Tax Credits for the proposed development of Santa Fe Place Apartments (TDHCA ID
23178) by KRS Santa Fe Place, LP; 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 KRS Santa Fe Place, LP if it is awarded the Texas Department of Housing and
Community Affairs 2023 Competitive 9% Housing Tax Credits for the proposed development
of Santa Fe Place Apartments; and
THAT The City Council of the City of Lubbock identifies Santa Fe Place Apartments as the
proposed development in the 2023 Competitive 9% Housing Tax Credits round that contributes
more than any other to the concerted revitalization efforts of the City; and
THAT the Mayor of the City of Lubbock is hereby authorized, empowered, and directed to
certify for and on behalf of the City of Lubbock, this resolution to TDHCA
Passed by the City Council on February 14, 2023
TRAY DAYNE. MAYOR
ATTEST:
Rebe4 Garza, City Secretary
APPROVED AS TO CONTENT:
Bill Ho erton, Deputy City M ager
APPROVED AS TO FORM:
AeIlFiLeii'surev, Senior Assistant City Attorney
ccdocs/RES. Adoption Housing Credits Santa Fe Place apt
2.3.23