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Presentation, discussion, and possible action to issue a list of approved Applications for 2025 Housing Tax Credits (HTC) in accordance with Tex. Gov't Code ?2306.6724(e)
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RECOMMENDED ACTION
recommendation
WHEREAS, in accordance with Tex. Gov't Code ?2306.6724(e), the Board shall review the recommendations of Department staff regarding applications and shall issue a list of approved applications each year in accordance with the Qualified Allocation Plan (QAP) not later than June 30;
WHEREAS, not all applications on the approved list have completed the review process in accordance with the QAP, not all applicants' appeal rights have concluded, and not all applications will ultimately receive an award of housing tax credits;
WHEREAS, the list, as orally revised to reflect the determinations by the Board of any appeals or other actions taken at this Board meeting of June 12, 2025, constitutes the complete list of approved applications that may therefore be eligible for commitments of allocations of housing tax credits in this competitive cycle; and
WHEREAS, a list reflecting such Board determinations from the meeting of June 12, 2025, will be issued not later than June 13, 2025.
NOW, therefore, it is hereby
RESOLVED, the attached list of active applications for the 2025 Competitive HTC application round, as orally modified to reflect actions taken at this Board meeting, is approved in accordance with Tex. Gov't Code ?2306.6724(e), subject to meeting the requirements of the Qualified Allocation Plan (QAP) and associated applicable rules.
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BACKGROUND
The Department's Board is required by Tex. Gov't Code ?2306.6724(e) to "review the recommendations of department staff regarding applications and shall issue a list of approved applications each year in accordance with the qualified allocation plan not later than June 30." Moreover, as required by Tex. Gov't Code ?2306.6724(f), the Board "shall issue final commitments for allocations of housing tax cred...
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