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Home My WebLink About18-756. � � # ' i '� . ► � # # � � � . �#• . # . • � �. #, #. ..*. .� . �, *, . . � ... . * I' • • ' � � � � ' � � � ' � - - �-�. _ # � � . r • �- . ** . � � � _ ..• . • � • � � •- - ••- ,�� _ + -�- � • : . -� . �- -r • . � . � , -• � � '' . • � ' -� -� � - � �.. + 1� • � . r � . � + �- - •�- � - . , � � ,�•'' . # ., �• �- � • � r�� •�- r w . _. -• �- • �� -� . r . , , w � r - � . •-- _. _ - .�� r�•� �-� � �� • .�•. # �- •: • - •� � � � . �. . #�- .� . � •�� . r �- . , . - • � � r�� + � •. - • ♦ . •- • � •-• . r WHEREAS, Council requested a process be put in place that would streamline the review of applications, support the establis ent of specific applicant expectations, and increase transparency; and ' • , � . w _ • _ . . �� . � �� . r �� . �� • . � �� . �� - -� � - �l ��• . � � -• - �• • � • _ � ' - • � - 1 ! +�- ! 1 _ . • � r � 1'': !' �' • # • � • ' : ' � �.: . � "'• .�'� . � + , -• s.� . + r � '� . • ' - . � •�� ` •� . • �r'' • . . . . 'w . � ' ` . • i � ► � � , � �. '+ . . � _ ', . " •w,, i'� . �" . '� •� ,# • .� The motion to approve this resalution was made by __ �„�� ,��, ��^'!��"�'� and seconded bY . ��_� �"�"�°"� ..�.�.��..�.��",��„ ,�� .. ........... .. .......__, the resolution w�� '� �ti�1 K��1 ��.��a�°��r��d by the following vote [� - (� ]: V `-� Mayor Chris Watts: Gerard Hudspeth, District 1: Keely G. Briggs, District 2: Don Duff, District 3: John Ryan, District 4: Dalton Gregory, At Large Place 5: Sara Bagheri, At Large Place 6: _ .� . ..W..........------...%�� P . .----- �� ... ... ....... �, �� ° �� .........._.....��' . ...................__...__........_..____.....—. � ....� _�'�"°� ... ��. �U� . ........ _..�.� ....... ...........................�....... PASSED AND APPROVED this the �� day of ATTEST: JENNIFER WALTERS, CITY SECRETARY �� BY„ _d �� '� �� '�� d �`��'� �� ..�_._�._ m_._ � �:�a __,..,� �,. � ��m, � APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY �� .... .... ............� 201��,� � ,� ��m�� ,��, ,� 4:"1 � 1�`i �a "1�',�"��"� �, MAYOR �� °�� .�.�._� e.... _ � � �� BY: ' , � ��.� ��A. �o . . � — - — -� �— ____...__...�.-::::�-- .. �� Y, r� � i � ; � Exhibit A CITY OF DENTON HOUSING TAX CREDIT (HTC) REQUEST FOR SUPPORT POLICY Policy Statement: To meet the housing and development objectives of the City of Denton, it shall be the City's policy to analyze projects requesting support for proposed Housing Tax Credits (HTC). Such analysis is to determine if the projects comply with certain principles and policies in the City's �,'��t��r� �'��,��C�,...9�k��we�� and the �� "�u��r�,��a�u��r,��i,��...6�h��c�...��u N-��a��^�.s��rua�� A�n�mkn�b��m��e��r��q��.nu�mm�, as well as various other master, strategic, and redevelopment or neighborhood plans adopted by the City of Denton, The goal of this analysis is to (a) establish if HTC projects merit local support, and (b) prioritize HTC submissions if more than a single proposal is received during an evaluation period. The Community Development Division serves as the City's primary staff and point of contact for all HTC programs. Evaluation Criteria: The City of Denton is committed to the goal of improving the quality of life in the City, its neighborhoods and for its residents. As part of this commitment to a comprehensive community development and improvement program, the City supports the development of decent, safe, sanitary, and affordable housing options that provides full and equal access to all persons. Preferences in evaluation of projects for consideration of City support are listed below: ❑ Acquisition, rehabilitation or renovation of existing affordable housing ❑ Senior Housing developments ❑ Mix of Affordable and Market Rate ❑ Distance between other HTC projects ❑ Whether the proposed development will be subject to property tax or demonstrates significant investment into the community ❑ Designating set-aside units for supportive housing programs to house vulnerable populations including people experiencing homelessness homeless, people with mental illness, chronic health conditions, the disabled, seniors, and/or victims of domestic violence. The City of Denton reserves the right to deny applications that do not coincide with the City's Housing Tax Credit Request for Support Policy, various strategic and master plans, or policy direction from the Denton City Council. Required Information: Before a project will be evaluated by the staff, each applicant requesting support must submit the City of Denton's HTC Request for Support application with all attachments. The � � ��u. app ication and list o required documents are available on the City s we site at �a��r �r�ru �mu��m��r_m�„��„��nummm��'„_�„�„ Annual Schedule: The City of Denton will establish and announce each year an annual schedule of deadlines and other dates of importance for consideration of City support for �HTC projects. The schedule is available on the City's website at �w�v�,,,�,.�ty�a��y�r��c�,��.,._a.�,p,�;��. Meeting with City Staff: No less than one meeting with the applicant, developer, sponsor, and relevant Approved: Resolution , on J 2018 CITY OF DENTON HOUSING TAX CREDIT (HTC) REQUEST FOR SUPPORT POLICY City staff will take place to discuss the proposed project in general, and any issues and concerns identified in the application in particular. Presentation to City Council: The Applicant will be requested to give a presentation to the City Council regarding their proposed project. Presentations will generally be scheduled during a City Council Work Session in the month of February. Substantial Changes: Should a project which receives support from the City have a substantial change including, but not limited to, the following before the start of construction, the Developer must notify the City of Denton in writing and request a new commitment of support: • Number of units � Number of Affordable Units or Affordability period • Type of units � Target population • Amenities • Type of construction • Developer / sponsor / owner • Final site development plan Administration of the HTC Program: The HTC program in the State of Texas is administered by the Texas Department of Housing & Community Affairs. The City of Denton has no responsibility for application approval for HTC projects or for the administration of the HTC program. Development Review: Consideration of the applicant's request for a Resolution of Support or a Resolution of No Objection in no way impacts the City's rights to approve, disapprove, or modify the developers proposed site plans or to modify the zoning for the proposed development. Page 2 of 2 City of oenton EXrl l�J 1 t B Housing Tax Credit (HTC) - Request for Support ° ""' ""�, � Appllcation u � �.. Please note: The City of Denton reserves the right to deny applications that do not coincide with the City's Housing Tax Credit Request for Support and Policy, various strategic and master plans, or policy direction from the Denton City Council. Before a project will be evaluated, each applicant requesting support must submit a completed application with all attachments in accordance with the timeline prescribed herein. 1. PROJECT INFORMATION ......... ..� ..��..�.......�w_...�,ww�w� www�� w�. ........ ....w � �� w ...... ......._ w�l �.�. ...� �� .��.�.�� _��.. � tl��C Name of l��v�Pc�rtc�r �FratiAt�v Name of � �}°ry�ie�l address of the pr�rj��k: � .........�� _...._�..� �� Census tract # Council District # School District Project type: ❑ General Applicant Role: ❑ Owner ❑ Senior ❑ Supportive Housing - Special Populations ❑ Developer ❑ Other ��i�� below�: _ ........ WWWWW__W_WWWWWWWWWWWW W _W.� WWWWW__u� W_WWWWW�__.-____� ______...� Housing Tax Credit application for: ❑9% HTC Applicant is requesting Council Resolution: ❑of Support Isthe property: ❑New construction ❑Renovation Total number of units: ❑4% HTC ❑Stating No Objection ❑Acquisition/Redevelopment # of Total Units N of Market Rate Uniu # of Affordable Units S Estimated Rent k SF of Each Unit N30% N50% MR .� �..... . . ...___ �_..... � �� _�. .... .... ....... .� SRO* ..._ _ ........ . �____....__.�w 1 BR �_ .......�. 2 BR ..�.�.� _.�.�� 3 BR ��._. Total Units 0 0 0 0 0 .�� . ��... ...��. ......._ �.. % of Total o.o°� 0.0°.6 0.0°� o.o°� �'.eneth of Aff�rr�N'abi�it �rrti t�� Pr�ti e�;�.' 'Single Room occupancy 2. APPLICANT INFORMATION __ww___ ..__..._______� __� ______.�_____.�. Name �� .v.__v m�....� .....................................m .��.�...�� _ �� II� ..m. CSty ST ZI P .�.______ � �..�� _......� �s�I��a��a�ea� Contact p�erson __� �� __....... �___ Contact '�� 8s�p17� ra� � �� DUNS #: .w �. .�. .�. .....................................�,,.......�. _� ___�..��...� ........��_____.-�_______ _ _.�' Contact Email Federal Tax ID# For Developers and Partners, check all that apply: ❑For Profit ❑Nonprofit ❑Public Housing Authority Approved: Resolutlon on � 2018 Page 1 of 4 ii,/'% �% City of Denton Housing Tax Credit (HTC) - Request for Support Applicatlon In the last ten years: Have you developed other Housing Tax Credit projects7 ❑ves ❑No If y��, please list ��ro.r��t names and addresses: Have you developed other affordable housing projects? ❑ves ❑rvo If �v�s„ r�i��sse list ��N°c�9��;�; names and addresses: 3. PROJECT NARRATIVE & ATTACHMENT CHECKLIST A project narrative and attachments must be attached to this application and briefly address, at a minimum, each of the following items: 4. FINANCIAL NARRATIVE & ATTACHMENT CHECKLIST A financial narrative for the project must be attached to this application. Please address, at a minimum, each of the following items including supporting attachments: a. - �"r�a � �t �,r�r forma__ ..._............��___.��._..�.��..��......��..��..._��..........��.�� ........................�.��........��..... b. Annual Audit for each �r�urq;r7�� c. ❑ Describe the taxable s tus of the develo ment. Indicate whether the develo ment will be � ro � ta p �� p��paying p perty t� axes or if the development will be tax exempt; .._. ....................... .. d. If project will be tax exempt, provide: . �. �. �. _ .................... �.. � _........ ......... i. iti projected loss �s4' property taxes (to each taxing entity and in total) over the 15-year period, and include assumptions .��c3 . _ �.caww�u��qsskrl� �urap�rti�s u�1tla��a�; ,_ . ......... ....W_ � � __�.. II. C�MA co�ay of the fiscal y�c F�r N�c��c l of the tax exem�� r�rN i�cw°, I i'�R. ❑A detailed plan explaining how projected revenues are intended to be used by the tax-exempt partner; this should provide sufficient explanation to understand the strategic plan for the projected additional revenue and how it will provide an enhancement or benefit to the community. The plan should also address any community service contributions and irrv�:��i�w�n�s planned b� the t�u��x�rm��aR� ��rlrr�r and for-profit developer. Approved: Resolution on � 2018 Page 2 of 4 �, ,,�� ,, � City of Denton Housing Tax Credit (HTC) - Request for Support AppUcatlon 5. SUBMISSION INFORMATION The Community Development Division serves as the City's primary staff and point of contract for all TDHCA programs. Completed applications should be submitted to: Community Development 601 E Hickory Suite B Denton, TX 76205 or email at: community.development@cityofdenton.com Before a project will be evaluated, each applicant requesting support must submit a completed application with all attachments. City of Denton 2019 Important Dates for 9% Request for Support*: January 2019: Application Deadline February 2019: Presentation from Applicant(s) at City Council Work Session March 2019: Consideration of Resolution(s) at City Council Meeting Based on annual deadline from TDHCA, specific dates are subject to change. Please visit ww.cityofdenton.com for current deadlines. *Housing Tax Credit 43� Request for Support will complete the same steps above but may be submitted year-round. Applications for the Request for Support for 4% must be submitted at least 60 days prior to when the letter must be submitted by the applicant to TDHC,4. Applicant must attend all City Council meetings where these Resolutions are discussed. Staff will inform the applicant, using the e- mail addresses provided, of the meeting dates as soon as they are determined. CERTIFICATION The applicant/developer certifies that the data included in this application and the exhibits attached is true and complete to the best of my knowledge. The statements are made for the purpose of obtaining a resolution or resolutions from the Denton City Council. I understand that false statements may result in forfeiture of benefits and possible prosecution by the City Attorney. ww ....��._� Legal Name of Develo m� mmmmmm mmm mm�m per/�rwti'�y Authorized Officer Title Signature Date Approved: Resolution on _, 2018 Page 3 of 4 TDHCA Self-Score Sample Matrix Max TDHCA Self-Score Category ' Program Self Score Points Unit Size 7 Quality (15) x x Unit Size (8) • 8 Unit and Development Features (7) 7 Sponsor Characteristics (HUB) 2 Income Levels of Tenants (16) 16 Rent Levels of Tenants (13) 13 Tenant Services ( w/SHP 11 all others 10) 11 Opportunity Index (up to 7) 7 x A.1-1st or 2nd Quartile with <20% poverty (2) A.2 - 3rd Quartile next to 2nd (1 pt) i B.1-1/2 Mile from Play�round (1) � 6.2 -1/2 mile from Pub. Transportation B.3 -1 mile from Grocery or Pharmacy (1) B.4 - 3 miles from Emer�encv Room or Ur�ent Care (1) _ . � .. 6.5 - 2 miles from child care (1) . B.6 - Crime rate of 26 ,�er 1,000 (11 B.7 -1 mile from public library (1) B.8 - 5 miles from University or Community College (1) B.10 - A�e 25 with Assoc De� > 27% (1) ' B.12 -1 mile indoor recretion (1) 6.13 -1 mile outdoor recreation (1) B.14 -1 mile of church or civic club (11 B.15 - Meals on Wheels service area ( 1) i Underserved Area (up to 5) x x I A. Colonia (2)* 0 x B. Economically Distressed (1)* 0 x C. CT wlth no HTC ever (3) 3 D. CT (not CJ with no HTC under 15 yrs (2) 0 E. CT with no HTC or contiguous no HTC for 15 yrs (5) � 0 Special Housing Needs at least 5% Set-Asides (2) 2 Proximity to Urban Core (5pts) n/a pop under 200K* 0 x Pop of 200k or more - 2 miles m x Pop of 500k or more - 4 miles Readiness for Disaster fEMA Designation (5)* 0 x Local Gov. Letters of Su pport/No Objections (17-7)* i 0 x LPS Fundin� . 1 Declared Disaster Area 10 Quantifiable Community Participation (9►* 0 x IState Representative Support (91* 0 I x : ��. Financial Feasibility (18) 19 Cost of Development/Sq.Ft. (12) 12 Pre-Application Participation (6) 6 . . . __ . __ .....,,...._... Leveraging of Resources (3) 3 Extended Affordability (2) 2 � Historic Preservation �5) 75%in Historic Structure 0 x Right of First Refusal 1 I Fundin� Request Amount 1 Total Full App Self Score Points 124 0 *City not eligible or not applicable at the time of self-score Attachment A.