STRATEGIC PRIORITY: Housing & Homelessness Solutions
AGENDA DATE: August 28, 2024
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Robin Bentley
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SUBJECT
Title
A public hearing to receive comments regarding an application by Royal Crest Preservation, LLC (Applicant) to the Texas Department of Housing and Community Affairs (TDHCA) for 4% Non-Competitive Low Income Housing Tax Credits for Royal Crest Apartments located at 3558 Wilhurt Avenue, Dallas, TX 75216; and, at the close of the public hearing, authorize a Resolution of No Objection for Applicant, related to its application to TDHCA for the development of Royal Crest Apartments - Financing: No cost consideration to the City
Body
BACKGROUND
Royal Crest Preservation, LLC (Applicant), submitted a Request for Resolution application to the City for a Resolution of No Objection for its application to Texas Department of Housing and Community Affairs (TDHCA) for 2024 4% Non-Competitive Housing Tax Credits (4% Housing Tax Credits). The 4% Housing Tax Credits will be used for the redevelopment of Royal Crest Apartments, a 167 multifamily complex, located at 3558 Wilhurt Avenue, Dallas, TX 75216 (Project). A purchase and sale agreement for the Property has been executed between the current owner of the Property and an affiliate of the Applicant. TDHCA requires 4% Housing Tax Credit applicants provide a Resolution of No Objection from the governing body of the jurisdiction in which the proposed development will be sited. As part of these TDHCA requirements, the governing body must also conduct a public hearing for citizens to provide comments on the proposed development. Once a resolution is adopted and submitted to TDHCA, it cannot be changed or withdrawn.
The Project consists of 167 multifamily residential units. The site consists of 11 two-story apartment buildings totaling 167 units, and one...
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