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HomeMy WebLinkAboutR24-626//O RESOLUTION NO. R24-626 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS, SUPPORTING THE DEVELOPMENT OF AFFORDABLE RENTAL HOUSING BY SCF PLAINVIEW 24, LP AND ITS APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS FOR HOUSING TAX CREDITS AND REDUCING RELATED CITY ADMINISTRATIVE FEES. WHEREAS, SCF Plainview 24, LP has proposed a development for affordable rental housing at approx. 4200 W. 16th Street. named Westwind of Plainview in the City of Plainview, Hale County; and WHEREAS, SCF Plainview 24, LP has communicated that it intends to submit an application to the Texas Department of Housing and Community Affairs for 2024 Competitive 9% Housing Tax Credits for Westwind of Plainview; and WHEREAS, SCF Plainview 24, LP has requested that the City Council find that there is a public purpose in constructing affordable rental housing in the City of Plainview and as such further reduce the administrative fees that would normally be required for this housing development; and WHEREAS, the City Council of the City of Plainview finds there is a need for such affordable housing for citizens within the municipal boundaries of the City of Plainview and believes that by the development of such affordable housing to assist persons of low income is in the best interest of the City of Plainview and its citizens; and NOW, THEREFORE, BE IT RESOLVED BY TE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS THAT: Section I. That the City of Plainview, acting through its governing body, hereby confirms that it supports the proposed Westwind of Plainview located at approximately 4200 W. 16t" Street and that this formal action has been taken to put on record the opinion expressed by the City of Plainview on February 27, 2024, and Section II. That the City of Plainview, acting through its governing body, hereby confirms that, upon successful award of 2024 Competitive 9% Housing Tax Credits, the City commits to providing reduced fees or a contribution of other value that equals a minimum of $250 for the benefit of Westwind of Plainview, and Resolution R24-626 Page 1 of 2 441 I Section III. That for and on behalf of the Governing Body, Charles Starnes, Mayor of the City of Plainview is hereby authorized, empowered, and directed to certify these resolutions to the Texas Department of Housing and Community Affairs. Section IV. This Resolution's public purpose is to encourage and facilitate quality development of affordable rental housing for the City's benefit as a whole. PASSED AND APPROVED this 27th day of February 2024. ATTEST: 4zk /(;/—� Belinda Hinojosa, Secretary Resolution R24-626 Page 2 of 2