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Presentation, discussion, and possible action on a determination of eligibility related to Undesirable Site Features for Palms at Morris (#24124)
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RECOMMENDED ACTION
recommendation
WHEREAS, Palms at Morris is a 2024 9% competitive housing tax credit Application that requests $1,722,000 in housing tax credits for the new construction of 72 units in Corpus Christi, Nueces County;
WHEREAS, the 2024 Qualified Allocation Plan (QAP) establishes Undesirable Site Features that generally render an Application ineligible unless acceptable mitigation as determined by staff or the Board is undertaken, and these features include being located within two miles of refineries capable of refining more than 100,000 barrels of oil daily;
WHEREAS, the proposed Development Site for Palms at Morris is located within two miles of three refineries that are capable of refining more than 100,000 barrels of oil daily;
WHEREAS, in the disclosure of this feature, the Applicant provided correspondence from the City of Corpus Christi expressing its support for the proposed Development and explaining that the unique geography of the city places many of its prominent areas within two miles of refineries, as well as calculations of the acceptable separation distances that would be applicable for programs administered by the U.S. Department of Housing and Urban Affairs (HUD); and
WHEREAS, staff has reviewed the unique geographic circumstances of Corpus Christi, the letter from the City, and the minimum separation distances and has determined that these items may constitute acceptable mitigation of the Undesirable Site Feature.
NOW, therefore, it is hereby
RESOLVED, that the proposed Development Site of Palms at Morris is determined to be ineligible due to the Undesirable Site Feature related to refineries as established at 10 TAC ?11.101(a)(2)(e)(ix).
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BACKGROUND
Palms at Morris is a 2024 9% competitive housing tax credit Application that requests $1,722,000 in housing tax cred...
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