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Presentation, discussion and possible action regarding a waiver of 10 TAC ?11.101(b)(1)(A)(vii) of the Qualified Allocation Plan (QAP) relating to the percentage of efficiency and/or one-bedroom units for Bridge at St. John.
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RECOMMENDED ACTION
recommendation
WHEREAS, the Department received a request for a waiver relating to Bridge at St. John, a proposed 4% Housing Tax Credit application that has not yet been submitted to the Department;
WHEREAS, the unit mix for Bridge at St. John includes more than 35% efficiency/one-bedroom units, which exceeds the threshold allowed in 10 TAC ?11.101(b)(1)(A)(vii) of the 2025 QAP, thus rendering the development ineligible; and
WHEREAS, staff has reviewed the request and specific factors related to the proposed development as further detailed herein and is neutral in its recommendation to the Board;
NOW, therefore, it is hereby
RESOLVED, that the Board may make a determination regarding a waiver of ?11.101(b)(1)(A)(vii) of the 2025 QAP relating to the allowable percentage of efficiency and/or one-bedroom units for Bridge at St. John.
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BACKGROUND
General Information: Bridge at St. John is to be located in Austin, Travis County, and involves the new construction of 201 LIHTC units that will serve the general population. A Certificate of Reservation from the Bond Review Board has not been issued or applied for yet, but is expected sometime in 2026. The applicant has indicated that the development will include a mix of units with rents restricted between 50% and 80% Area Median Income (AMI). More specifically, 104 units will be rent and income restricted at 50% of AMI, 45 units will be rent and income restricted at 60% of AMI, 20 units will be rent and income restricted at 70% of AMI, and 32 units will be rent and income restricted at 80% of AMI.
Waiver Request: Pursuant to ?11.101(b)(1)(A)(vii) of the QAP, "any New Construction, Reconstruction, or Adaptive Reuse Development proposing more than 35% ef...
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