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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit (HTC) Application of The Lantern at Robstown (HTC #25177)
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RECOMMENDED ACTION
recommendation
WHEREAS, The Lantern at Robstown (Development) received an award of 9% Housing Tax Credits (HTCs) in 2025 for the new construction of an office/clubhouse and seven one-story residential buildings containing 39 dwelling units with attached one-car garages on a 7.164 acre site in Robstown, Nueces County;
WHEREAS, Lantern at Robstown, LP (Applicant) requested approval to significantly modify the site plan, increase the number of low income units from 39 to 46, increase the total number of units from 39 to 49, modify the unit mix from 15 one-bedroom units and 24 two-bedroom units to 15 one-bedroom units and 34 two-bedroom units, increase the square footage of the units by 9.0% from 36,084 square feet to 39,336 square feet, increase the Common Area by 384.7% from 1,888 to 9,151 square feet, significantly modify the architectural design of the Development, and increase the residential density by 23.3%, from 5.44 units per acre to 6.71 units per acre;
WHEREAS, Board approval is required for a significant modification of the site plan, modification of the number of units or bedroom mix of units, significant modification of the architectural design, and modification of the residential density of at least 5% as directed in Tex. Gov't Code ?2306.6712(d)(1), (2), (5), and (6), and 10 TAC ?10.405(a)(4)(A), (B), (E), and (F), and the Applicant has complied with the amendment requirements therein; and
WHEREAS, the requested changes do not materially alter the Development in a negative manner, were not reasonably foreseeable or preventable at the time of Application, and would not have adversely affected the selection of the Application for an award of Housing Tax Credits;
NOW, therefore, it is hereby
RESOLVED, that the requested Material Amendment of the Application for Lan...
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