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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Meridian at Wylie (HTC #22479)
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RECOMMENDED ACTION
recommendation
WHEREAS, Meridian at Wylie (the Development) received an award of 4% Housing Tax Credits (HTCs) in 2022 for the new construction of 200 units for the elderly population in Wylie, Collin County;
WHEREAS, Roers Wylie Apartments Owner I Limited Partnership (the Development Owner or Owner) requests approval for a reduction in the Common Area from 7,029 square feet to 6,540 square feet, representing a reduction of 489 square feet or 6.96% from the Common Area represented 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 housing tax credits awarded;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment for Meridian at Wylie 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
Meridian at Wylie received an award of 4% Housing Tax Credits in 2022 for the new construction of 200 units for the elderly population in Wylie, Collin County. 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 January 14, 2026, Brian J. Roers, the Owner representative, requested approval for a redu...
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