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Presentation, discussion, and possible action regarding a Material Amendment to the Housing Tax Credit Application for Maple Park Manor (HTC #23236)
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RECOMMENDED ACTION
recommendation
WHEREAS, Maple Park Manor (the Development) received an award of 9% Housing Tax Credits (HTCs) in 2023 for the new construction of 30 units for the elderly population in Lockhart, Caldwell County;
WHEREAS, Maple Park Manor, L.P. (the Applicant) requests approval for a site plan and architectural design change, which includes going from a three-story building to a two-story building, and also includes a reduction in the Common Area from 8,500 to 5,185 square feet, representing a reduction of 3,315 square feet or 39% from the Common Area represented at Application;
WHEREAS, Board approval is required for a significant modification of the site plan, a reduction of 3% percent or more in the square footage of the Units or common areas, and a significant modification of the architectural design as directed in Tex. Gov't Code ?2306.6712(d)(1), (4), (5) and 10 TAC ?10.405(a)(4)(A), (D), and (E), and the Owner has complied with the amendment requirements therein; and
WHEREAS, the requested changes do not negatively affect the Development, impact the viability of the transaction, impact the scoring of the Application, or affect the HTC amount awarded;
NOW, therefore, it is hereby
RESOLVED, that the requested amendment for Maple Park Manor is approved as presented at this meeting, and the Executive Director and his designees are each hereby authorized, directed, and empowered to take all necessary action to effectuate the foregoing.
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BACKGROUND
Maple Park Manor received an award of 9% Housing Tax Credits in 2023 for the new construction of 30 low-income units of for the elderly population in Lockhart, Caldwell County. In a letter dated February 26, 2024, Brian Kimes, representative for the Applicant, requested approval for a material amendment to the Application.
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