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Presentation, discussion, and possible action regarding a material amendment to the Housing Tax Credit Application, a waiver of 10 TAC ?11.101(b)(4)(D) and (N), and changes to the ownership structure for Historic Lofts of Waco High (HTC #07192/25066)
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RECOMMENDED ACTION
recommendation
WHEREAS, Historic Lofts of Waco High (Development) received 9% Housing Tax Credit (HTC) awards in 2007 and 2025 for the acquisition and rehabilitation of 104 units of multifamily housing for the general population in Waco, McLennan County;
WHEREAS, Historic Waco Lofts Rehab, LLC (Applicant) requests a waiver for 10 TAC ?11.101(b)(4)(D) and (N), which are the requirements for screens on all operable windows and the requirement for Energy Star or equivalently rated windows as Mandatory Development Amenities for the three historic buildings in the Development;
WHEREAS, the waiver request is because the Development also received Historic Tax Credits through the Texas Historic Preservation Tax Credit program and the Federal Rehabilitation Tax Credit program, which required the Texas Historical Commission to approve the replacement windows installed in the buildings, and this entity determined that the original building would not have had window screens and that the best acceptable windows that are the closest match to the original windows have a clear glazing which does not meet Energy Star rating requirements;
WHEREAS, 10 TAC ?11.101(b)(4) states that the Board may waive one or more of the requirements of the paragraph for Developments that include Historic Tax Credits, with evidence that the amenity has not been approved by the Texas Historical Commission or the National Park Service, as applicable;
WHEREAS, the Applicant provided a letter dated May 27, 2026, from the Texas Historical Commission citing that this entity does not approve window screens nor Energy Star windows for this historic campus and supports the waiver request;
WHEREAS, to improve the financial f...
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