HomeMy WebLinkAboutRES 990713-DDA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, SUPPORTING TAX CREDIT
APPLICATIONS FOR AFFORDABLE RENTAL HOUSING
DEVELOPMENT.
WHEREAS, The City of Georgetown is experiencing an unprecedented rate of growth,
having increased the population of residents from 14,842 in 1990 to 26,400 in 1999; and
WHEREAS,the rate of growth has out paced the development of affordable housing for
area residents, with over 1350 Georgetown households in rental housing paying more than 30%
of their income for housing according to a 1998 Housing Needs Assessment; and
WHEREAS, the City's growth has created a high demand for rental housing, with
apartment occupancy rates in May, 1999, varying between 93 and 100% with most complexes
between 98 and 100% filled; and
WHEREAS, employers in Georgetown are reporting difficulties in retaining and recruiting
workers because of the lack of affordable housing; and
WHEREAS, service workers who are critical to the well -being of the community,
including teachers, police officers, and firemen are reporting great difficulties in finding
affordable housing in Georgetown
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this resolution are
found to be true and correct, and are incorporated by reference herein and expressly made a part
hereof, as if copied verbatim. The City Council hereby finds that this resolution implements the
following policies of the Century Plan - Policy Plan Element:
10.0 77ie City cooperates with builders, developers and property owners to provide safe and
adequate housing opportunities for all citizens
SECTION 2. The City supports the applications submitted to the Texas Department of
Resolution No.
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Housing and Community Affairs (TDHCA) for Low Income Housing Tax Credits, and strongly
urges TDHCA to approve 1999 allocations for Georgetown, to meet the current and growing
critical need for more affordable housing for this community.
SECTION 3. This resolution shall be effective immediately.
Resolved this 13th day of July, 1999.
THE CITY OF GEORGETOWN
By:
MaryEllen Kersch, Mayor
ATTEST:
Sandra D. Lee, City Secretary
APPROVED AS TO FORM:
Marianne Landers Banks, City Attorney
Resolution No. ?? 0
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