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Presentation, discussion, and possible action regarding a 9% Housing Tax Credit scoring appeal for Anacua Senior Village
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RECOMMENDED ACTION
recommendation
WHEREAS, Anacua Senior Village is a 2024 competitive 9% Housing Tax Credit Application that requests $2,000,000 in Housing Tax Credits to reconstruct 104 units, 92 of which as affordable, serving the elderly population in Mission;
WHEREAS, a pre-application was filed for this Application in January 2024 which indicated that the Application would include 90 Units;
WHEREAS, because the Units increased by more than 10% from pre-application to Application, the Application does not qualify for six points related to Pre-application Participation, and these points were deducted from the Application's score as indicated in the scoring notice issued on May 23, 2024;
WHEREAS, the Applicant appealed this scoring notice to the Executive Director, who denied the appeal; and
WHEREAS, the Applicant requested that this matter be presented to the Governing Board.
NOW, therefore, it is hereby
RESOLVED, that the appeal of the scoring notice for Anacua Senior Village is hereby denied.
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BACKGROUND
Anacua Senior Village is a 2024 competitive 9% Housing Tax Credit Application that requests $2,000,000 in Housing Tax Credits to reconstruct 104 units, 92 of which as affordable, serving the elderly population in Mission. A pre-application was submitted in January 2024, and the full Application was submitted on March 1, 2024. The pre-application indicated that the total number of Units in the Application would be 90, but the total included in the final Application was 104, which is approximately a 15% increase between the pre-application and the Application.
In accordance with 10 TAC ?11.9(e)(3), an Application is eligible for six points related to Pre-application Participation so long as certain criteria are met, including that the total number of Units does not increase by more than 10% from pre-application to Appli...
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