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14 & 15 - AFFORDABLE HOUSING REQUESTS
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02/22/2016
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14 & 15 - AFFORDABLE HOUSING REQUESTS
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Draft <br />RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />PARIS, PARIS, TEXAS IN SUPPORT OF THE BROWNSTONE <br />GROUP, INC.'S APPLICATION TO THE TEXAS DEPARTMENT <br />OF HOUSING AND COMMUNITY AFFAIRS (TDHCA), AND THE <br />PROPOSED DEVELOPMENT OF PARIS SENIOR VILLAGE <br />LOCATED AT THE SOUTHEAST CORNER OF SUNRISE DRIVE <br />AND 42ND STREET NE; APPROVING THE REQUEST FOR A de <br />minimis CONTRIBUTION FOR DEVELOPMENT OF 80 UNIT <br />RENTAL HOUSING COMMUNITY FOR ADULTS AGED 55 AND <br />UP; MAKING OTHER FINDINGS AND PROVISIONS RELATED <br />TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, The Brownstone Group, Inc. has proposed a development for <br />affordable rental housing for adults aged 55 and up to be located at the southeast corner <br />of sunrise Drive and 42nd Street NE as a new 80 unit rental housing community in the <br />City of Paris, Texas; and <br />WHEREAS, The Brownstone Group, Inc. has communicated that it intends to <br />submit an application to the Texas Department of Housing and Community Affairs <br />(TDHCA) for the 2016 Housing Tax Credits for the development of Paris Senior Village; <br />and <br />WHEREAS, in accordance to Section 11.9(d)(2) of the 2016 Qualified <br />Allocation Plan, the aforementioned application by The Brownstone Group, Inc. requires <br />a resolution voted on and adopted by the governing body expressly setting forth that the <br />City of Paris supports the Application and Development of Paris Senior Village, an 80 <br />Unit Rental Housing Community for Adults aged 55 and up located at the southeast <br />corner of Sunrise Drive and 42nd Street NE; and <br />WHEREAS, The Brownstone Group, Inc. has requested a de minimis <br />contribution for the development of Paris Senior Village as a commitment of <br />development funding from the City of Paris, Texas. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF PARIS, TEXAS, THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. The City Council of the City of Paris, Paris, Texas hereby confirms <br />that it supports the development by The Brownstone Group, Inc. of the proposed Paris <br />
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