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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Heights at Crowley (HTC #23129)
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RECOMMENDED ACTION
recommendation
WHEREAS, Heights at Crowley (the Development) received an award of 9% Housing Tax Credits (HTCs) in 2023 and was approved for a reallocation of tax credits under force majeure in 2025 for the construction of 96 units of multifamily housing, of which 80 units are designated as low-income, for the general population in Fort Worth, Tarrant County;
WHEREAS, TX Crowley 2023, Ltd. (the Development Owner or Owner) requests approval for a redesign of the Development that resulted in a change to the bedroom mix by replacing six three-bedroom units with six two-bedroom units and also resulted in a reduction to the number of residential buildings from three buildings to two buildings;
WHEREAS, Board approval is required for a significant modification of the site plan, a modification of the number of units or bedroom mix of units, and a significant modification of the architectural design of the Development as directed in Tex. Gov’t Code §2306.6712(d)(1), (2), (5) and 10 TAC §10.405(a)(4)(A), (B), and (E), and the Owner has complied with the amendment requirements therein; and
WHEREAS, the requested changes do not negatively affect the Development, impact the viability of the transaction, impact the scoring of the Application, or affect the amount of the tax credits awarded;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment for Heights at Crowley is approved as presented at this meeting, and the Executive Director and his designees are each hereby authorized, directed, and empowered to take all necessary action to effectuate the foregoing.
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BACKGROUND
Heights at Crowley received an award of 9% Housing Tax Credits in 2023 and was approved for a reallocation of tax credits under force majeure in 2025 for the construction of 96 multifamily units, of which 80 units are designated as low-income, for the general population in Fort Worth, Tarrant County. Construction of the Development is nearing completion.
In a letter dated February 20, 2026, Adrian Iglesias, the representative for the Owner, requested approval for a change to the bedroom mix and a reduction in the number of residential buildings. Additionally, the Net Rentable Area has been reduced slightly, and the Common Areas has been increased. The Owner states that during the permitting process additional unforeseen site constraints were created by three main factors. A drainage study was conducted by Kimley-Horn and Associates, and this revealed that the City of Fort Worth floodplain extended into the property on the west side further than initially anticipated. Second, a wetlands study was conducted by Kimley-Horn and Associates, which revealed existing wetlands extended into the property on the west side further than anticipated, and third, zoning review introduced a minimum preservation of tree canopy coverage requirement, which the initial design could no longer comply with due to the expanded floodplain and wetlands areas. Due to these new site constraints, the design was modified by combining the originally proposed three residential buildings into two residential buildings in order to ensure adequate and safe distance was maintained from the new floodplain and wetlands areas and to ensure that the preservation of existing trees on-site could be maintained and comply with the City of Fort Worth zoning requirements. As part of the change to combine the residential buildings, two stacks of three-bedroom units had to be converted to two stacks of two-bedroom units, resulting in a one for one replacement of six total units from three-bedroom to two-bedroom units. These modifications to the site plan, bedroom mix, and architectural design are material amendments under Tex. Gov’t Code §2306.6712(d)(1), (2), (5) and 10 TAC §10.405(a)(4)(A), (B), and (E).
The revised plans result in a 912 square foot (0.9%) reduction in the Net Rentable Area, from 102,024 to 101,112 square feet, and also results in a 8,048 square foot increase in the Common Area, from 16,372 to 24,420 square feet.
These changes do not materially alter the Development in a negative manner and were not reasonably foreseeable or preventable by the Development Owner at the time of Application. Staff has determined that these changes do not affect the scoring of the Application or the funding award, and the Development will continue to meet the accessibility requirements. The final recommended HTC amount will be determined upon finalization of the cost certification process.
Staff recommends approval of the amendment request as presented herein.