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Presentation, discussion, and possible action regarding a waiver of 10 TAC ?11.101(b)(4)(D) for Oaklawn Place (HTC #21136/22821/23935)
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RECOMMENDED ACTION
recommendation
WHEREAS, Oaklawn Place (the Development) received a 9% Housing Tax Credit (HTC) award in 2021, a reallocation of credits under Force Majeure in 2022, and Supplemental Credits in 2023 for the new construction of 84 low-income units for the elderly in Dallas, Dallas County;
WHEREAS, Sadler Circle Senior Apartments, LLC (the Development Owner or Owner) is requesting a waiver for 10 TAC ?11.101(b)(4)(D), which is the requirement for screens on all operable windows as a Mandatory Development Amenity, as 117 out of 240 windows in the Development do not meet this requirement; and
WHEREAS, the requested waiver does not negatively affect the Development, impact the viability of the transaction, impact Tex. Gov't Code ??2306.001, 2306.002, 2306.359, and 2306.6701, or affect the amount of the tax credits awarded;
NOW, therefore, it is hereby
RESOLVED, that the waiver request for Oaklawn Place is approved as presented to this meeting, and the Executive Director and his designees are each authorized, directed, and empowered to take all necessary action to effectuate the foregoing.
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BACKGROUND
Oaklawn Place received a 9% Housing Tax Credit award in 2021, a reallocation of credits under Force Majeure in 2022 (HTC #22821), and Supplemental Credits in 2023 (HTC #23935) for the new construction of 84 low-income units for the elderly in Dallas, Dallas County. All of the units in the Development are in a five-story building. Construction of the Development is nearing completion, and the Owner anticipates submitting the cost certification documentation to the Department in the next few months.
In a letter as of June 6, 2024, Jennifer Hicks, the consultant to the Owner, requested a waiver of 10 TAC ?11.101(b)(4)(D), which requires screens on all operable windows as a mandatory amenity for ne...
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