A proposed low-income housing development will have to wait while San Marcos considers an ordinance providing no objection to the submission of an application for tax credits from the state.
At its meeting Tuesday night, the San Marcos City Council voted to postpone a vote on an ordinance giving the Riverstone multifamily development the green light to apply to the Texas Department of Housing and Community Affairs for low-income housing tax credits. The decision followed a public hearing on the matter.
The proposed development would provide 336 units, all of which would be affordable housing units, at 51-60 percent of area median income. No market-rate units are proposed for the Riverstone project, which will be located on Wonder World Drive near State Highway 123.
