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Presentation, discussion, and possible action regarding a waiver of 10 TAC ?11.101(b)(4)(D) and (N) for Georgian Oaks (HTC #24145/25817)
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RECOMMENDED ACTION
recommendation
WHEREAS, Georgian Oaks (the Development) received a 9% Housing Tax Credit (HTC) award in 2024 and a reallocation of tax credits under Force Majeure in 2025 for the adaptive reuse and new construction of 100 units, of which all are low-income units, for the elderly in Fort Worth, Tarrant County;
WHEREAS, Georgian Oaks, LLC (the Development Owner or Owner) is requesting a waiver of 10 TAC ?11.101(b)(4)(D) and (N), the requirements for screens on all operable windows and for Energy-Star or equivalently rated windows as Mandatory Development Amenities only for the historic building in the Development;
WHEREAS, 10 TAC ?11.101(b)(4) states that the Board may waive one or more of the requirements of the paragraph for Developments that will include Historic Tax Credits, with evidence that the amenity has not been approved by the Texas Historical Commission or the National Park Service, as applicable;
WHEREAS, the Owner provided a letter dated July 15, 2026, from the Texas Historical Commission citing that the project is subject to the Secretary of the Interior's Standards for Rehabilitation, does not approve window screens nor Energy Star windows for this historic building, and supporting the waiver request; and
WHEREAS, the requested waiver does not negatively affect the Development, impact the viability of the transaction, impact Tex. Gov't Code ??2306.001, 2306.002, 2306.359, and 2306.6701, or affect the amount of the tax credits awarded;
NOW, therefore, it is hereby
RESOLVED, that the waiver of 10 TAC ?11.101(b)(4)(D) and (N) for the historic building at Georgian Oaks is approved as presented to this meeting, and the Executive Director and his designees are each authorized, directed, and empowered to take all necessary action to effectuate the foregoing.
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BACKGROUND
Georgi...
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