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Presentation, discussion, and possible action confirming obligations for those properties recommended for an award of competitive low income housing tax credits that sought and were awarded one point for committing at least an additional 2% of the total Units to Persons referred from the Continuum of Care or local homeless service providers to be made available for those experiencing homelessness under 10 TAC ?11.9(c)(4) related to Residents with Special Housing Needs
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RECOMMENDED ACTION
recommendation
WHEREAS, pursuant to Internal Revenue Code ?42(m)(1)(C)(v) related to application selection criteria, the selection criteria set forth in a qualified allocation plan must include tenant populations with special housing needs;
WHEREAS, the Qualified Allocation Plan provides the opportunity for applications to score points for serving residents with special housing needs under 10 TAC ?11.9(c)(4); and
WHEREAS, in order to score one point under 10 TAC ?11.9(c)(4)(B), a Development must commit at least an additional 2% of the total Units to Persons referred from the Continuum of Care or local homeless service providers to be made available for those experiencing homelessness.
NOW, therefore, it is hereby
RESOLVED, that each of the applications listed below has sought and been awarded one point under 10 TAC ?11.9(c)(4)(B) for committing to provide at least an additional 2% of the total Units to Persons referred from the Continuum of Care or local homeless service providers to be made available for those experiencing homelessness;
FURTHER RESOLVED, that it is a condition of an award of competitive low income housing tax credits for these applications and any application subsequently awarded from the Board approved waiting list for which this scoring item applies that such commitment will be included in a land use restriction agreement with the Department; and
FURTHER RESOLVED, that nothing herein obligates a property to uphold such commitment if it sought and ...
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