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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for The Ashbourne (HTC #25073)
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RECOMMENDED ACTION
recommendation
WHEREAS, The Ashbourne (the Development) received an award of 9% Housing Tax Credits (HTCs) in 2025 for the new construction of 72 multifamily units for the general population in Houston, Harris County;
WHEREAS, 9677 South Kirkwood Drive Propco, L.P. (the Applicant) proposed at pre-application and in the Application to provide a High-Quality Pre-Kindergarten program and educational space at the Development under ?11.6(3)(C)(v) of the 2025 Qualified Allocation Plan, which made the Development eligible for a priority award;
WHEREAS, the Applicant is now requesting approval for a material amendment to the Application to replace the High-Quality Pre-Kindergarten program commitment with an alternative service model developed in collaboration with Alief Independent School District (Alief ISD);
WHEREAS, Board approval is required for a modification considered material by staff as directed in Tex. Gov't Code ?2306.6712(d)(7) and 10 TAC ?10.405(a)(4)(I), and the Applicant has complied with the amendment requirements therein; and
WHEREAS, the requested change to replace the High-Quality Pre-Kindergarten program will materially affect the Development;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment to replace the High-Quality Pre-Kindergarten program commitment for The Ashbourne is denied as presented at this meeting.
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BACKGROUND
The Ashbourne was approved for a 9% HTC award in 2025 for the construction of 72 units, all of which are designated as low-income units, of multifamily housing for the general population in Houston, Harris County. At the meeting of April 9, 2026, the Board approved a request to remove the requirement for a Historically Underutilized Business (HUB) in the Development. In a letter dated March 23, 2026, Kimberly Loesche, repres...
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