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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Buena Vida Supportive Housing (HTC #24196)
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RECOMMENDED ACTION
recommendation
WHEREAS, Buena Vida Supportive Housing (the Development) received an award of 9% Housing Tax Credits (HTCs) and an award of State Housing Tax Credits in 2024 for the new construction of 50 units for supportive housing in Brownsville, Cameron County;
WHEREAS, BHOC VDC SH, LP (the Development Owner or Owner) requests approval to decrease the size of the Development site from 2.13 acres identified at Application to 1.98 acres, due to a right of way dedication of 0.15-acre to the City of Brownsville, which results in a 7.58% increase in residential density from approximately 23.47 units per acre to 25.25 units per acre;
WHEREAS, Board approval is required for a modification of the residential density of at least 5% as directed in Tex. Gov't Code ?2306.6712(d)(6) and 10 TAC ?10.405(a)(4)(F), and the Owner has complied with the amendment requirements therein; and
WHEREAS, the requested change does not materially alter the Development in a negative manner, was not reasonably foreseeable or preventable by the Owner at the time of Application, and would not have adversely affected the selection of the Application;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment of the Application for Buena Vida Supportive Housing 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
Buena Vida Supportive Housing received an award of 9% Housing Tax Credits and State Housing Tax Credits in 2024 for the new construction of 50 units for supportive housing in Brownsville, Cameron County. In a letter dated March 12, 2025, Carla Mancha, the representative for the Owner, requested approval for a material...
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