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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Residences at Pearsall Park (HTC #24456)
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RECOMMENDED ACTION
recommendation
WHEREAS, Residences at Pearsall Park (the Development) received an award of 4% Housing Tax Credits (HTCs) in 2024 to construct 238 units of housing for the elderly in San Antonio, Bexar County;
WHEREAS, Pearsall Park LP (the Development Owner or Owner) requests approval for a decrease in the total number of units from 238 to 237 units and also change the unit mix by reducing the number of two-bedroom units by four and increasing the number of one-bedroom units by three as a result of a redesign to include the addition a second trash chute in Building 1;
WHEREAS, Board approval is required for a modification of the number of units or bedroom mix of units as directed in Tex. Gov't Code ?2306.6712(d)(2) and 10 TAC ?10.405(a)(4)(B), and the Owner has complied with the amendment requirements therein; and
WHEREAS, the requested changes do not negatively affect the Development, or impact the viability of the transaction;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment for Residences at Pearsall Park 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
Residences at Pearsall Park received an award of 4% Housing Tax Credits in 2024 to construct two four-story buildings with a total of 238 units of housing for the elderly in San Antonio, Bexar County. The Construction Status Report for this Development supports that the project is 70% complete as of the field inspection on December 17, 2025.
In a letter dated January 19, 2026, Blake Hopkins, the Owner representative, requested approval for a modification of the architectural design for Building 1, the larger of the two residenti...
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