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Presentation, discussion, and possible action on recommendation to adopt an Agreed Final Order assessing an administrative penalty relating to Reading Park Apartments (HTC 02462 / Bond MF064 / HTF 853336 / CMTS 3321)
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RECOMMENDED ACTION
recommendation
WHEREAS, Reading Park Apartments (HTC 02462 / HTF 853336 / BOND MF064 / CMTS 3321), owned by Reading Road Apartments, L.P., had uncorrected compliance findings relating to the applicable land use restriction agreements and the associated statutory and rule requirements;
WHEREAS, TDHCA identified findings of noncompliance during its regularly scheduled 2025 National Standards for the Physical Inspection of Real Estate (NSPIRE) inspection at Reading Park, and referred that noncompliance for an administrative penalty when it was not timely corrected;
WHEREAS, corrective documentation and associated acknowledgments were uploaded on July 16, 2025 and August 18, 2025, after intervention by the Enforcement Committee;
WHEREAS, an Enforcement Committee informal conference was held on December 16, 2025, and Owner agreed, subject to Board approval, to enter into an Agreed Final Order assessing an administrative penalty of $3,750.00; and
WHEREAS, staff has based its recommendations for an Agreed Final Order on the Department's rules for administrative penalties and an assessment of each and all of the statutory factors to be considered in assessing such penalties, applied specifically to the facts and circumstances present in this case.
NOW, therefore, it is hereby
RESOLVED, that an Agreed Final Order assessing an administrative penalty of $3,750.00, substantially in the form presented at this meeting, and authorizing any non-substantive technical corrections, is hereby adopted as the order of this Board.
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BACKGROUND
PROPERTY INFORMATION: Reading Park received an allocation of 4% Low Income Housing Tax Credits, multifamily housing revenue bonds, and a Housing Trust Fund (HTF) loan during 2002 and 2003, to buil...
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