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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Corrigan Square Apartments (HTC #24075)
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RECOMMENDED ACTION
recommendation
WHEREAS, Corrigan Square Apartments (the Development) received a 9% Housing Tax Credit (HTC) award in 2024 for the acquisition and rehabilitation of 96 units of multifamily housing for the general population in Corrigan, Polk County;
WHEREAS, Corrigan Square Housing, Ltd. (Applicant) requests approval to increase the size of the Development site from 13.2023 acres to 14.8109 acres, due to the abandonment of streets for parking, which results in a 10.86% decrease in residential density from 7.271 units per acre to 6.482 units per acre;
WHEREAS, Board approval is required for a modification of the residential density of at least 5% as directed in Tex. Gov't Code ?2306.6712(d)(6) and 10 TAC ?10.405(a)(4)(F), and the Applicant has complied with the amendment requirements therein; and
WHEREAS, the requested change does not materially alter the Development in a negative manner, was not reasonably foreseeable or preventable by the Applicant at the time of Application, and would not have adversely affected the selection of the Application;
NOW, therefore, it is hereby
RESOLVED, that the requested material amendment of the Application for Corrigan Square Apartments is approved as presented at this meeting, and the Executive Director and his designees are each authorized, directed, and empowered to take all necessary action to effectuate the Board's determination.
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BACKGROUND
Corrigan Square Apartments received a 9% Housing Tax Credit (HTC) award in 2024 for the acquisition and rehabilitation of 96 units of multifamily housing for the general population, of which all units are designated as low-income units, in Corrigan, Polk County. In a letter dated August 13, 2025, Jonathan Campbell, the representative for the Applicant, requested approval for a material...
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