PILLAR: Vibrant
AGENDA DATE: November 12, 2025
COUNCIL DISTRICT(S): 10
DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: Neighborhood Revitalization
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SUBJECT
Title
A public hearing to receive comments (1) regarding an application by Waters at Waterchase, LP and/or its affiliate(s) (collectively referred to as Applicant), to the Texas Department of Housing and Community Affairs (TDHCA) for 4% Non-Competitive Low Income Housing Tax Credits for Waters at Waterchase, a 130-unit multifamily residential development for persons of low and moderate income to be located at 12365 Plano Road, Dallas, Texas 75243 (Project); and (2) authorize a Resolution of No Objection for Applicant, related to its application to TDHCA for the development of Waters at Waterchase - Financing: No cost consideration to the City
*In alignment with Dallas Housing Policy 2033.
Body
BACKGROUND
Waters at Waterchase, LP a Texas limited partnership and/or its affiliate(s) (collectively referred to as Applicant), submitted an application to the City for a Resolution of No Objection (RONO) for its application to TDHCA for 2025 4% Non-Competitive Housing Tax Credits (4% Housing Tax Credits). The 4% Housing Tax Credits will be used for the redevelopment of Waters at Waterchase, a 130-unit complex Project.
A purchase and sale agreement for the Property has been executed between the current owner of the Property and the Applicant. TDHCA requires 4% Housing Tax Credit applicants to 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 Once a resolution is adopted and submitted to TDHCA, it cannot be changed or withdrawn.
To receive a staff recommendation for a Resolution of No Objection,...
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