The City Council is being asked to pass a Resolution of No Objection for Westpointe East, a planned 402-unit affordable rental housing development on Wiseman Blvd. The resolution tells the Texas Department of Housing and Community Affairs that San Antonio does not object to the project receiving Non-Competitive 4% Housing Tax Credits, which are a federal tax incentive used to help finance affordable housing. The site is located in the City's Extraterritorial Jurisdiction (ETJ), meaning it is outside the city limits but within an area where the city has some authority.
The agenda does not specify the dollar value of the tax credits or the total project cost. The credits would be issued by the Texas Department of Housing and Community Affairs to the developer of Westpointe East.
The item is sponsored by Interim Assistant City Manager Justina Tate and Neighborhood and Housing Services Director Veronica Garcia. It would benefit the unnamed developer seeking the tax credits and future tenants of the 402 affordable rental units, and it affects residents near the Wiseman Blvd site in the City's ETJ.
Show the original agenda text
Resolution of No Objection for the Texas Department of Housing and Community Affairs Non-Competitive 4% Housing Tax Credits for the construction of Westpointe East, a 402- unit affordable multi-family rental housing development located on Wiseman Blvd in the City’s Extraterritorial Jurisdiction.
Have something to say about this measure? Send it to the people who run PorchLite. Messages are read by our team, not published here, and not forwarded to the city.