City looks to amend affordable housing policy
The city council will consider making amendments to the Affordable/Workforce Housing Policy regarding criteria for approval of applications to low-income housing tax credit program.
The San Marcos City Council will discuss and take possible action on making the following changes during Tuesday’s regular meeting: “amend criteria to ensure if a project is requesting a tax exemption, revenues from such project remain in San Marcos; amend criteria to ensure projects (whether tax exempt or not tax exempt) utilize local support services; add a flowchart to the LIHTC application to more easily distinguish the process and criteria for projects that request a tax exemption and projects not requesting a tax exemption; and add minor revisions to the policy language so that it is easier to read,” according to council’s agenda packet.
The low-income housing tax credit is administered by the Texas Department of Housing and Community Affairs, which awards tax credits to eligible participants to offset a portion of their federal tax liability in exchange for production or preservation of affordable rental housing.
San Marcos currently has 11 completed or under construction low-income housing apartment projects: Asbury Place, Champions Crossing, Country Oaks, Encino Pointe, La Vista Retirement Community, Mariposa Apartments, Sienna Pointe, Stone Brook Seniors, Sunrise Village (Phase 2), Villas at Willow Spring and Mission Trails at El Camino. The city has three projects that have had their resolutions approved and are under TDHCA review: The Reserve at San Marcos, Riverstone and Villas Del San Xavier. San Marcos has projects that have resolution applications under review: Redwood and The Lantana on Bastrop.
In other business, the council will consider approval of Resolution 2020-32R — which approves an agreement with Texas State University, San Marcos Consolidated ISD and Hays County for the joint funding of a contract with Community Action, Inc. of Central Texas to provide personnel to serve as a Youth Services Director. The council will also consider approval of Resolution 2020-33R — which approves an agreement with Community Action to provide personnel to serve as a Youth Services director for the city, Texas State, SMCISD and the county in an amount not exceed $110,000 and be jointly funded by the four entities with the city contributing funds not to exceed $50,000. Both items will be up for action in the council’s consent agenda.
The council will also take possible action on Ordinance 2020-07, which addresses the composition of the Historic Preservation Commission, including procedural provisions and providing for the repeal of any conflicting provisions.
The council will discuss Resolution 2019-03RR of the Parks and Recreation Advisory Board, which recommends the renaming of El Camino Real Park to the Kenneth M. Copeland Memorial Park.
Tuesday’s meeting begins at 6 p.m. inside City Hall — 630 E. Hopkins St.
