The San Marcos City Council has postponed a decision on two potential income-restricted housing projects.
After two potential housing developments were presented on Tuesday, Council ultimately decided to postpone offering a resolution of no objection to the submission of an application for low-income housing tax credits to the Texas Department of Housing and Community Affairs for the two developments.
The two projects — Redwood Multifamily Housing Project located in the 1600 Block of Redwood Road and Lantana on Bastrop Multifamily Housing Project located at the intersection of South Old Bastrop Highway and Rattler Road — are income-restricted projects 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.”
