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<br />RESOLUTION NO. <br /> <br />97 -077 <br /> <br />WHEREAS, it has come to the attention of the City Council of the City of Paris that Asian <br />Real Estate, Ltd. has an interest in developing affordable rental housing in the City of Paris under <br />the tax credit progTam offered by the Texas Department of Housing and Community Affairs; and, <br /> <br />WHEREAS, due to the significant manufacturing employment based in Paris, the recent <br />demolition of over two hundred (200) substandard homes within the City, and the strong need for <br />additional affordable housing in Paris, it is deemed to be in the best interests of the citizens of <br />Paris that the City of Paris recommend to the Texas Department of Housing and Community <br />Affairs the award of housing tax credits to the Ridgeview Townhomes; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the <br />need for additional affordable rental housing in the City of Paris and the award of tax credits to <br />the Ridgeview Townhomes by the Texas Department of Housing and Community Affairs be, and <br />the same are hereby, supported. <br /> <br />PASSED AND ADOPTED ilii, 14ili d,y Ofl~k~ <br /> <br /> <br /> <br />Eric S. Clifford, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br /> <br /> <br />A~ <br /> <br />T. K. Haynes, City Attorney <br /> <br />'- <br />