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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Pine Creek Senior Village (HTC #24115)
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RECOMMENDED ACTION
recommendation
WHEREAS, Pine Creek Senior Village (the Development) received a 9% Housing Tax Credit (HTC) award in 2024 to construct 66 units of multifamily housing for the elderly in Nacogdoches, Nacogdoches County;
WHEREAS, CSH Pine Creek Senior Village, Ltd. (Applicant) requests approval to replace a portion of the development site, revise the site plan, and decrease the size of the development site from 4.664 acres to 4.00 acres, which results in a 16.60% increase in residential density from 14.151 units per acre to 16.500 units per acre;
WHEREAS, Board approval is required for a significant modification of the site plan and for a modification of the residential density of at least 5% as directed in Tex. Gov't Code ?2306.6712(d)(1) and (6) and 10 TAC ?10.405(a)(4)(A) and (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 Pine Creek Senior Village 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
Pine Creek Senior Village received a 9% Housing Tax Credit (HTC) award in 2024 to construct 66 units of multifamily housing for the elderly, of which all units are designated as low-income units, in Nacogdoches, Nacogdoches County. In a letter dated April 26, 2025, Jervon Harris, the representative for the Applicant, requested ...
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