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Presentation, discussion, and possible action regarding an appeal of the termination of the Application for Culebra Apartments
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RECOMMENDED ACTION
recommendation
WHEREAS, Culebra Apartments is a 2025 9% housing tax credit Application that requests $2,000,000 for the New Construction of 86 Units in San Antonio, Bexar County;
WHEREAS, the Application's Development Team includes an entity and an individual, both acting as the Development Consultant, for which the Executive Director has recommended a six-month debarment;
WHEREAS, the affected parties have appealed that debarment, and that appeal is being heard at this meeting; and
WHEREAS, unless that appeal is granted by the Governing Board, the Application would require termination as it contains a debarred party and cannot be changed in accordance with state statute;
NOW, therefore, it is hereby
RESOLVED, that the appeal of the termination for Culebra Apartments is hereby denied.
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BACKGROUND
Culebra Apartments is a 2025 9% housing tax credit Application that requests $2,000,000 for the New Construction of 86 Units in San Antonio, Bexar County. After the Application was submitted, the Executive Director issued a determination that recommends a debarment term of six months for four parties, including Sonoma Housing Advisors, LLC, and James R. (Bill) Fisher. That determination has been appealed, and the appeal scheduled to be presented to the Governing Board at the same meeting as this item. This item does not directly address that debarment. For information concerning the debarment, please refer to the relevant item in the published materials for this meeting.
The Application includes Sonoma Housing Advisors and Bill Fisher listed as the Application Consultant on Tab 42, which is the section of the Application in which the Development Team Members are specified. The Application also specifies that the proposed fee for the Consultant is $149,000. 10 TAC ?11.1(d)(38) and (41) define "Consultant...
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