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Source: sanmarcostx.gov
Senior living project gets OK to apply for TCHCA tax credits
A proposed affordable housing development for senior citizens has the city’s support in applying for low income housing tax credits from the state.
At its most recent regular meeting, the San Marcos City Council approved a resolution supporting the Villas Del San Xavier Senior Community’s application for the tax credits from the Texas Department of Housing and Community Affairs (TDHCA). The city had passed a resolution on the same subject in October, but because the project is seeking tax-exempt bonds, TDHCA requires a different form of resolution than the one that council approved in October. The developer needs to submit a revised resolution to TDHCA by the end of the calendar year.
The Villas Del San Xavier development will be located on about 12 acres of land at 2621 S. Interstate Highway 35, between Clovis Barker Road and Cottonwood Parkway. The development is slated to provide 156 housing units for lowincome seniors. In October, developer Richard Shaw spoke to council and said the project will be part of a larger development.
“This is part of an entire senior village that will be built,” he said, noting that developers will buy additional acreage for a marketrate senior living facility adjacent to the San Xavier housing, and there will be an assisted living center built as well.
According to the tax credit application, the senior village will be called the Plaza Royale Senior Community. The Villas Del San Xavier dwellings will have vinyl wood floors, 2-inch faux wood blinds, full kitchens, patios, walk-in closets and individual washer-dryer connections. Residents will have access to the community center at the market-rate development, which will include an exercise facility, game rooms, a coffee bar and other amenities. Moreover, bus services will be provided to take residents where they need to go within a few miles of the development.
“We will have bus transportation for these residents to go shopping, to go to medical services, within 5 miles,” Shaw told council.
A percentage of the affordable housing units will be set aside for hearing and/or visually impaired residents, according to the resolution, and the development will have to adhere to San Marcos rules and regulations.