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14 & 15 - AFFORDABLE HOUSING REQUESTSItem Nos. 14 & 15 memorandum TO: Mayor & City Council FROM: John Godwin, City Manager SUBJECT: AFFORDABLE HOUSING REQUESTS DATE: February 16, 2016 BACKGROUND: Brownstone, a development company out of Houston, met with the council on February 8 to request a resolution of support for its proposed construction of an approxi- mately 80 -unit rental housing community that would serve renters aged 55 and up. Like the two developers that addressed the council last month, the Paris Senior Village would use tax credits to provide affordable housing to a percentage of its tenants. STATUS OF ISSUE: At the February 8 meeting, the council tabled the Brownstone application to February 22, and also instructed that the proposed State Street Housing project —a new apartment complex on the north side of east 82 near Reno —also be reconsidered. Tax credit projects must have the support of the local governing body through a resolution approved by the city council to receive approval by the TDHCA. BUDGET: NA RECOMMENDATION: Receive input and approve or disapprove resolutions of support. Draft RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS IN SUPPORT OF THE BROWNSTONE GROUP, INC.'S APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA), AND THE PROPOSED DEVELOPMENT OF PARIS SENIOR VILLAGE LOCATED AT THE SOUTHEAST CORNER OF SUNRISE DRIVE AND 42ND STREET NE; APPROVING THE REQUEST FOR A de minimis CONTRIBUTION FOR DEVELOPMENT OF 80 UNIT RENTAL HOUSING COMMUNITY FOR ADULTS AGED 55 AND UP; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, The Brownstone Group, Inc. has proposed a development for affordable rental housing for adults aged 55 and up to be located at the southeast corner of sunrise Drive and 42nd Street NE as a new 80 unit rental housing community in the City of Paris, Texas; and WHEREAS, The Brownstone Group, Inc. has communicated that it intends to submit an application to the Texas Department of Housing and Community Affairs (TDHCA) for the 2016 Housing Tax Credits for the development of Paris Senior Village; and WHEREAS, in accordance to Section 11.9(d)(2) of the 2016 Qualified Allocation Plan, the aforementioned application by The Brownstone Group, Inc. requires a resolution voted on and adopted by the governing body expressly setting forth that the City of Paris supports the Application and Development of Paris Senior Village, an 80 Unit Rental Housing Community for Adults aged 55 and up located at the southeast corner of Sunrise Drive and 42nd Street NE; and WHEREAS, The Brownstone Group, Inc. has requested a de minimis contribution for the development of Paris Senior Village as a commitment of development funding from the City of Paris, Texas. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. The City Council of the City of Paris, Paris, Texas hereby confirms that it supports the development by The Brownstone Group, Inc. of the proposed Paris Senior Village located at the southeast corner of Sunrise Drive and 42nd Street NE at its regular City Council Meeting on February 22, 2016. Section 3. That the City Council of the City of Paris, Texas, hereby approves The Brownstone Group, Inc.'s request for a de minimis commitment. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 22nd day of February, 2016. A.J. Hashmi, M.D., Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: Stephanie H. Harris, Interim City Attorney Draft 1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS IN SUPPORT OF GS PARIS FAMILY, LP'S APPLICATION TO THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA), AND THE PROPOSED DEVELOPMENT OF A NEW APARTMENT COMPLEX LOCATED AT APPROXIMATELY 4800 LAMAR AVENUE, PARIS, TEXAS; APPROVING GS PARIS FAMILY, LP'S REQUEST FOR A de minimis CONTRIBUTION FOR DEVELOPMENT OF A NEW APARTMENT COMPLEX; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO. THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, GS Paris Family, LP has proposed a development for affordable rental housing to be located at approximately 4800 Lamar Avenue, Paris, Texas as a new apartment complex in the City of Paris, Texas; and WHEREAS, GS Paris Family, LP has communicated that it intends to submit an application to the Texas Department of Housing and Community Affairs (TDHCA) for the 2016 Housing Tax Credits for the development of a new apartment complex; and WHEREAS, in accordance to Section 11.9(d)(2) of the 2016 Qualified Allocation Plan, the aforementioned application by GS Paris Family, LP requires a resolution voted on and adopted by the governing body expressly setting forth that the City of Paris supports the Application and Development of a new apartment complex located at approximately 4800 Lamar Avenue, Paris, Texas; and WHEREAS, GS Paris Family, LP has requested a de minimis contribution for the development of a new apartment complex as a commitment of development funding from the City of Paris, Texas. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. The City Council of the City of Paris, Texas hereby confirms that it supports the development by GS Paris Family, LP of the proposed new apartment complex located at approximately 4800 Lamar Avenue Paris, Texas, Paris, Texas, at its regular City Council Meeting on February 22, 2016. Section 3. That the City Council of the City of Paris hereby approves GS Paris Family, LP's request for a de minimis commitment. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 22nd day of February, 2016. A.J. Hashmi, M.D., Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: Stephanie H. Harris, Interim City Attorney