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File #: 993    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 4/16/2025 In control: Governing Board
On agenda: 5/8/2025 Final action:
Title: Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Buena Vida Supportive Housing (HTC #24196)
Sponsors: Rosalio Banuelos
Attachments: 1. Request Letter
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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title

Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Buena Vida Supportive Housing (HTC #24196)

 

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RECOMMENDED ACTION

recommendation

WHEREAS, Buena Vida Supportive Housing (the Development) received an award of 9% Housing Tax Credits (HTCs) and an award of State Housing Tax Credits in 2024 for the new construction of 50 units for supportive housing in Brownsville, Cameron County; 

 

WHEREAS, BHOC VDC SH, LP (the Development Owner or Owner) requests approval to decrease the size of the Development site from 2.13 acres identified at Application to 1.98 acres, due to a right of way dedication of 0.15-acre to the City of Brownsville, which results in a 7.58% increase in residential density from approximately 23.47 units per acre to 25.25 units per acre;

 

WHEREAS, Board approval is required for a modification of the residential density of at least 5% as directed in Tex. Gov’t Code §2306.6712(d)(6) and 10 TAC §10.405(a)(4)(F), and the Owner has complied with the amendment requirements therein; and

 

WHEREAS, the requested change does not materially alter the Development in a negative manner, was not reasonably foreseeable or preventable by the Owner at the time of Application, and would not have adversely affected the selection of the Application;

 

NOW, therefore, it is hereby

 

RESOLVED, that the requested amendment of the Application for Buena Vida Supportive Housing 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

Buena Vida Supportive Housing received an award of 9% Housing Tax Credits and State Housing Tax Credits in 2024 for the new construction of 50 units for supportive housing in Brownsville, Cameron County. In a letter dated March 12, 2025, Carla Mancha, the representative for the Owner, requested approval for a material amendment to the Application. 

 

The amendment is for a 7.58% increase in the residential density, from approximately 23.47 units per acres to 25.25 units per acre. Board approval is required for a modification of the residential density of at least 5% as directed in Tex. Gov’t Code §2306.6712(d)(6) and 10 TAC §10.405(a)(4)(F). The change is a result of a decrease in the Development site acreage from 2.13 to 1.98 acres, a reduction of 0.15 acre. The Owner’s representative explained that the acreage represented in the Application included 0.15-acre that is to be dedicated for a right of way to the City of Brownsville (the City) in order to build the Development.

 

The Owner explained that the right of way encroachment was disclosed in the original Application, but the exact acreage could not be calculated until the plat had been reviewed by the City of Brownsville Engineering Department, Brownsville Public Utilities Board, and other parties. Based on their review and subsequent surveying activities, they are now able to determine the exact area to be dedicated to the City.

 

Staff has reviewed the original Application against this amendment request and has concluded that the change described above would not have affected the award.

 

Staff recommends approval of the requested material amendment to the Application.