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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Bird Creek Senior Living (HTC #24045)
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RECOMMENDED ACTION
recommendation
WHEREAS, Bird Creek Senior Living (Development) received an award of 9% Housing Tax Credits (HTCs) in 2024 for the new construction of 102 multifamily units for the elderly population in Temple, Bell County;
WHEREAS, Temple TXHP LP (Applicant) requests approval for a significant modification of the architectural design, including a reduction of the size of and change in configuration of the floor plan of the sole building, and increase in the number of floors from three to having portions of both four and five floors, resulting in no change in net rentable area and a slight increase in the common area;
WHEREAS, the Applicant requests approval for a significant modification of the site plan, including a 16.66% decrease in site area from 6.667 acres to 5.556 acres, associated with the driveway being built on an access easement on site area for which the site seller retained ownership rather than built on a purchased site area as proposed at Application, which results in a 20.00% increase in residential density, from 15.30 units per acre to 18.36 units per acre;
WHEREAS, Board approval is required for a significant modification of the site plan, a significant modification of the architectural design of the Development, and a modification of the residential density of at least 5% as directed in Tex. Gov't Code ?2306.6712(d)(1), (5), and (6), and in 10 TAC ?10.405(a)(4)(A), (E), and (F), and the Applicant has complied with the amendment requirements therein; and
WHEREAS, the requested changes do not negatively affect the Development, impact the viability of the transaction, impact the scoring of the Application, or impact the HTC award;
NOW, therefore, it is hereby
RESOLVED, that the requested material amendment to the Housing Tax Credit Application for B...
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