HomeMy WebLinkAboutRES 012814-H - Housing Tax Cred HamiltonRESOLUTION NO. Q_q '
A Resolution of the City Council of the City of Georgetown, Texas approving a
Housing Tax Credit Program proposal with HVM 2014 Georgetown, Ltd., for
the development named Northwest Apartments located at 1623 E. Northwest
Boulevard; and declaring an effective date
Whereas, HVM 2014 Georgetown, Ltd. has proposed to acquire and rehabilitate an
existing, 24 -unit USDA - subsidized multi- family apartment complex known as
Northwest Apartments, 1623 E. Northwest Boulevard in the City of Georgetown,
Williamson County, to continue to provide for affordable rental housing within the
City;
Whereas, HVM 2014 Georgetown, Ltd. intends to submit an application to the Texas
Department of Housing and Community Affairs (TDHCA) for 2014 Housing Tax
Credits Program funds for Northwest Apartments;
Whereas, pursuant to ;50.8(2)(A), Texas Administrative Code, HVM 2014 Georgetown,
Ltd. acknowledges that the City of Georgetown has more than twice the state average of
units per capita supported by Housing Tax Credits or Private Activity Bonds;
Be it therefore resolved that:
The City of Georgetown hereby approves of the proposed application for the
rehabilitation of Northwest Apartments and has voted specifically to authorize an
allocation of Housing Tax Credits for this development.
Adopted and approved by the City Council of the City of Georgetown on the 28th day of
January 2014.
APPROVED AS FORM:
{
Bridget Chapman(
City Attorney
Resolution Number: 01 91S 1H_P Page 1 of 1
Description: Northwest Apartments Tax Credit Resolution
Date Avvroved: 1/28/2014