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Presentation, discussion, and possible action regarding awards to 2024 9% Competitive Housing Tax Credit Applicants and approval of the waiting list for the 2024 Competitive Housing Tax Credit Application Round
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RECOMMENDED ACTION
recommendation
WHEREAS, the Board is required by Tex. Gov't Code ?2306.6724(f) to "issue final commitments for allocations of housing tax credits each year in accordance with the qualified allocation plan not later than July 31;" and
WHEREAS, the Board is required by Tex. Gov't Code ?2306.6711(c) to "establish a waiting list of additional Applications ranked by score in descending order of priority based on set-aside categories and regional allocation goals" concurrently with the initial issuance of commitments for Competitive Housing Tax Credits;
NOW, therefore, it is hereby
RESOLVED, that the list of recommended Applications for Final Commitments of Housing Tax Credits from the 2024 State Competitive Housing Credit Ceiling and the 2024 Housing Tax Credit Waiting List are hereby approved in the form presented at this meeting, and as amended by the Board for appeals previously heard and determined; and
FURTHER RESOLVED, that the Board's approval is conditioned upon the completion of underwriting and program review, the imposing of all conditions of underwriting, the imposing of the conditions recommended as part of the Previous Participation Review process and those resulting from staff review, the completion of any other reviews required to ensure compliance with the applicable rules and requirements for the Competitive Housing Tax Credit Program, and any other special conditions the Board may consider appropriate.
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BACKGROUND
The Competitive Housing Tax Credit awards and waiting list recommendations for July 25, 2024, are presented in the Board materials. The applications recommended on the lists are required to be cleared for award, or award with conditions, by Compliance for Previous Participation Review purposes. T...
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