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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Ekos at the Preserve (HTC #20083)
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RECOMMENDED ACTION
recommendation
WHEREAS, Ekos at the Preserve (the Development) received an award of 9% Housing Tax Credits (HTCs) in 2020 for the construction of 84 units for the general population in Irving, Dallas County;
WHEREAS, MHP Region 3 II, LLC (the Development Owner or Owner) requests approval for a reduction in the Common Area from 16,030 square feet to 4,251 square feet, representing a reduction of 11,779 square feet or 73.48% from the Common Area represented in the Architect Certification at Application;
WHEREAS, Board approval is required for a reduction of 3% or more in the square footage of the Common Area as directed in Tex. Gov't Code ?2306.6712(d)(4) and 10 TAC ?10.405(a)(4)(D), and the Owner has complied with the amendment requirements therein; and
WHEREAS, the requested change does not negatively affect the Development, impact the viability of the transaction, impact the scoring of the Application, or affect the amount of funding awarded;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment for Ekos at the Preserve 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
Ekos at the Preserve received an award of 9% Housing Tax Credits in 2020 for the new construction of 84 units for the general population in Irving, Dallas County. The construction of the Development has been completed, and the Owner has submitted the cost certification documentation. Upon review of the cost certification, staff identified a change in the square footage of the Common Area from what was represented in the Application. In a letter dated March 19, 2025, Rebecca Broadbent, the Owner representative, requested approval...
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