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08 - Supporting Celebration Paris View Apartements for Housing Tax Credits
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02 - FEBRUARY
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02-14-2022
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08 - Supporting Celebration Paris View Apartements for Housing Tax Credits
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Item No. 8 <br />Memorandum <br />TO: Mayor, Mayor Pro -Tem & City Council <br />Grayson Path, City Manager <br />FROM: Andrew Mack, AICP Director Planning & Community Development <br />SUBJECT: Zimmerman Properties — Resolution Supporting Paris View Housing <br />Development for TX Department Housing Affordable Housing Tax Credit <br />Grant Application <br />DATE: February 14, 2022 <br />BACKGROUND <br />Sandy Watson, V.P. with Zimmerman Properties is requesting approval of a resolution supporting a <br />tax credit grant application for an affordable multi -family housing project for property located on <br />approximately 6.4 acres located at 4330 Pine Mill Rd (LCAD 51027). The property currently has 1 <br />single family rental residence located upon it. The balance of the land in the rear is undeveloped and <br />well suited for this type of project. The site is immediately adjacent to the West is newer medium <br />density townhome residences. Single family residences are developed on the other side and to the <br />north across Pine Mill. The location is well suited for medium to higher density residential, provided <br />appropriate utility extensions are provided for the new development and appropriate planning & <br />zoning changes are approved following the grant award. The City is in need of new affordable <br />workforce housing units to support the economic growth of our City and Region. This project will be <br />a very good thing for Paris with an award of the grant and subsequent construction. <br />RECOMMENDATION <br />Staff recommends approval of the resolution supporting the tax credit grant application for <br />Zimmerman Properties. <br />
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