The Daily Record’s online poll from Dec. 6, 2019 - Jan. 3, 2020 asked readers whether they think the city should have approved a resolution of no objection to the submission of an application for low-income housing tax credits. But due to a misunderstanding on the paper’s part, we have discontinued the poll.
The poll was written in regards to a recent decision by the San Marcos City Council to deny a resolution of no objection to the submission of an application for a potential affordable housing development, the Lantana on Bastrop Multifamily Housing Project.
The project was an income-restricted project applying for a housing tax credit program through the Texas Department of Housing and Community Affairs (TDHCA). The TDHCA “awards tax credits to eligible participants in order to offset a portion of their federal tax liability in exchange for the production or preservation of affordable rental housing.”
