File #: 649    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 5/31/2024 In control: Governing Board
On agenda: 6/13/2024 Final action:
Title: Presentation, discussion, and possible action regarding the adoption of Agreed Final Orders concerning TwentyFive25 (Bond # MF009, CMTS 2529) and Solaire (Bond # MF011, CMTS 2562)
Sponsors: Sascha Stremler
Attachments: 1. Agreed Order TwentyFive25, 2. Agreed Order Solaire
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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title
Presentation, discussion, and possible action regarding the adoption of Agreed Final Orders concerning TwentyFive25 (Bond # MF009, CMTS 2529) and Solaire (Bond # MF011, CMTS 2562)
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RECOMMENDED ACTION
recommendation
WHEREAS, TwentyFive25 f/k/a The Grove at Trinity Mills (TwentyFive25), owned by 2525 Players Court LLC (2525 Owner), has uncorrected compliance findings relating to the applicable Land Use Restriction Agreement (LURA) and the associated statutory and rule requirements;

WHEREAS, Solaire f/k/a Heritage Square (Solaire), owned by 4753 Duncanville Road LLC (Solaire Owner), has uncorrected compliance findings relating to the applicable LURA and the associated statutory and rule requirements;

WHEREAS, The Finley f/k/a The Highlands (Finley) (Bond MF012 / CMTS 2535), owned by 2359 Highland Road LLC (Finley Owner), had uncorrected compliance findings relating to the applicable land use restriction agreement and the associated statutory and rule requirements;

WHEREAS, 2525 Owner, Solaire Owner, and Finley Owner are related entities, controlled by GVA Pro LLC (collectively known as "Owner");

WHEREAS, Owner has a history of violations and previously signed an Agreed Final Order on November 24, 2020, agreeing to pay a collective $2,500.00 fully payable administrative penalty for file monitoring and physical noncompliance at TwentyFive25, Solaire, The Finley, and 600 East (Bond # MF014 / CMTS 2519);

WHEREAS, TDHCA identified new findings of noncompliance during its regularly scheduled 2023 file monitoring reviews at TwentyFive25, Solaire, and The Finley, and referred them for an administrative penalty when they were not timely corrected;

WHEREAS, unresolved compliance findings at TwentyFive25 include: failure to provide documentation that household incomes were within prescribed limits upon initial occupancy for 12 units; failure to provide tenant income certification documentation at recertification for one unit; failure to implement required ve...

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