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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Heights at Crowley (HTC #23129)
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RECOMMENDED ACTION
recommendation
WHEREAS, Heights at Crowley (the Development) received an award of 9% Housing Tax Credits (HTCs) in 2023 and was approved for a reallocation of tax credits under force majeure in 2025 for the construction of 96 units of multifamily housing, of which 80 units are designated as low-income, for the general population in Fort Worth, Tarrant County;
WHEREAS, TX Crowley 2023, Ltd. (the Development Owner or Owner) requests approval for a redesign of the Development that resulted in a change to the bedroom mix by replacing six three-bedroom units with six two-bedroom units and also resulted in a reduction to the number of residential buildings from three buildings to two buildings;
WHEREAS, Board approval is required for a significant modification of the site plan, a modification of the number of units or bedroom mix of units, and a significant modification of the architectural design of the Development as directed in Tex. Gov't Code ?2306.6712(d)(1), (2), (5) and 10 TAC ?10.405(a)(4)(A), (B), and (E), and the Owner has complied with the amendment requirements therein; and
WHEREAS, the requested changes do not negatively affect the Development, impact the viability of the transaction, impact the scoring of the Application, or affect the amount of the tax credits awarded;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment for Heights at Crowley is approved as presented at this meeting, and the Executive Director and his designees are each hereby authorized, directed, and empowered to take all necessary action to effectuate the foregoing.
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BACKGROUND
Heights at Crowley received an award of 9% Housing Tax Credits in 2023 and was approved for a reallocation of tax credits under force majeure in 2025 for the construction of 96 multifamily units, ...
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