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Presentation, discussion, and possible action on a waiver of 10 TAC ?11.9(d)(5) related to Community Support from State Representative for Heritage Estates at Valley Ridge (#24134)
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RECOMMENDED ACTION
recommendation
WHEREAS, Heritage Estates at Valley Ridge is an active 2024 9% competitive housing tax credit Application that requests $2,000,000 in housing tax credits for the new construction of 92 units in Lewisville, Denton County;
WHEREAS, 10 TAC ?11.8(d) related to Community Support from State Representative allows an Application to be awarded up to eight points for written support from the appropriate State Representative;
WHEREAS, this Application received a letter from the State Representative expressing neutrality, which results in zero points being awarded under the rules;
WHEREAS, the Representative submitted a second letter that was intended to rescind the initial letter of neutrality, which is disallowed by the rules;
WHEREAS, the Applicant timely submitted a waiver with Application that asks the Board to waive 10 TAC ?11.8(d), which states that, "once a letter is submitted to the Department it may not be changed or withdrawn;" and
WHEREAS, staff is unable to determine that this request meets the standards for waivers established at 10 TAC ?11.207.
NOW, therefore, it is hereby
RESOLVED, that the waiver of 10 TAC ?11.8(d) for Heritage Estates at Valley Ridge is hereby denied.
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BACKGROUND
Heritage Estates at Valley Ridge is an active 2024 9% competitive housing tax credit Application that requests $2,000,000 in housing tax credits for the new construction of 92 units in Lewisville, Denton County. The Qualified Allocation Plan (QAP) includes a point category related to Community Support from State Representative, which allows for up to eight points to be awarded to an Application based on written support from the appropriate State Representative. Presuming that all requirements of the rules are met, the point values available under this...
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