title
Presentation, discussion, and possible action on a determination of eligibility related to Undesirable Site Features for Sea Gulf Villas (#26061)
end
RECOMMENDED ACTION
recommendation
WHEREAS, Sea Gulf Villas is a 2026 9% competitive housing tax credit Application that requests $1,635,624 in housing tax credits for the acquisition and rehabilitation of 61 units in Corpus Christi, Nueces County;
WHEREAS, the 2026 Qualified Allocation Plan (QAP) establishes Undesirable Site Features that generally render an Application ineligible unless acceptable mitigation as determined by staff or the Board is undertaken, and these features include being located within two miles of refineries capable of refining more than 100,000 barrels of oil daily;
WHEREAS, the proposed Development Site for Sea Gulf Villas is located within two miles of two refineries that are capable of refining more than 100,000 barrels of oil daily;
WHEREAS, in the disclosure of this feature, the Applicant provided correspondence from the City of Corpus Christi expressing its support for the proposed Development and explaining that the unique geography of the city places many of its prominent areas within two miles of refineries; and
WHEREAS, staff has reviewed the unique geographic circumstances of Corpus Christi and the letter from the City, and has determined that these items may constitute acceptable mitigation of the Undesirable Site Feature.
NOW, therefore, it is hereby
RESOLVED, that the proposed Development Site for Sea Gulf Villas is determined to be eligible.
end
BACKGROUND
Sea Gulf Villas is a 2026 9% competitive housing tax credit Application that requests $1,635,624 in housing tax credits for the acquisition and rehabilitation of 61 units in Corpus Christi, Nueces County. The 2026 QAP establishes certain Undesirable Site Features that generally render an Application ineligible if acceptable mitigation is not provided. Acceptable mitigation is not explicitly defined, and ...
Click here for full text