From
Katherine Garcia-Thomson
Title
Resolution approving and adopting a Low Income Housing Tax Credits (LIHTC) Review and Recommendation policy for the City of Grand Prairie, Texas
Presenter
William A. Hills, Director, Housing and Neighborhood Services
Recommended Action
Approve
Analysis
Staff recommends the passage of a resolution establishing a Low Income Housing Tax Credits (LIHTC) Review and Recommendation policy. This policy will provide specific guidelines and clarify the Grand Prairie City Council's guidance for the approval of Low Income Housing Tax Credit projects requesting a Resolution of Support or Resolution of No Objection from the Grand Prairie City Council.
Financial Consideration
None
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING AND ADOPTING A LOW INCOME HOUSING TAX CREDITS REVIEW AND RECOMMENDATION POLICY FOR THE CITY OF GRAND PRAIRIE, TEXAS
Whereas, Grand Prairie, Texas City Council supports the development of low income Housing Tax Credit projects; and
Whereas, the Grand Prairie City Council is establishing a policy for the review and recommendation of projects requesting a resolution of support or a resolution of no objection from the Grand Prairie City Council.
NOW THEREFORE, BE IT RESOLVED, by the city council of the City of Grand Prairie, Texas that:
Section 1. that the City Council approves and adopts a low income Housing Tax Credits review and recommendation policy for the City of Grand Prairie, Texas; and
Section 2. a copy of the low income Housing Tax Credits review and recommendation policy is attached hereto and incorporated herein for all intents and purposes.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, April 2, 2019.