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Presentation, discussion, and possible action regarding a waiver of 10 TAC ?1.15(d) for Asteri Waco
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RECOMMENDED ACTION
recommendation
WHEREAS, Asteri Waco is proposed to be a 2026 9% Housing Tax Credit Application, although the full Application has not been submitted as of the date of this meeting;
WHEREAS, 10 TAC ?1.15, the Integrated Housing Rule, would generally require that no more than 25% of the Units at Asteri Waco be set aside for Households with Disabilities, and would prohibit restricting occupancy of those Units solely to Households with Disabilities;
WHEREAS, the Application's sponsor is a non-profit organization with an extensive history of working with persons with disabilities, and the Applicant has requested a waiver of 10 TAC ?1.15 to allow for up to 53% of the proposed Development to be exclusively reserved for Households with Disabilities; and
WHEREAS, such a waiver is explicitly allowed by the rules, and staff finds no compelling reason to deny the request;
NOW, therefore, it is hereby
RESOLVED, that the requested waiver of 10 TAC ?1.15(d)(1) and 10 TAC ?1.15(d)(2) for Asteri Waco is hereby approved, and the Applicant may limit up to 53% of the units exclusively for Households with Disabilities should the Application be successfully funded.
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BACKGROUND
Asteri Waco is a proposed 2026 9% competitive Housing Tax Credit Application that anticipates constructing 65 Units in Waco. Friends for Life is a 501(c)(3) nonprofit organization that is proposed to be part of the managing member of the general partner. Friends for Life has an extensive history of serving both elderly persons and persons with disabilities, with a specific emphasis on finding members of those populations who do not have a support system in place to care for them.
10 TAC ?1.15, the Integrated Housing Rule, requires that a Development of this size set aside no more than 25% of the Units for Households with Disabilities; however, 10 TAC ?1.15(e) specifies tha...
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