Agenda No. 1.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | May 2, 2023 |
| Department: | Executive Team |
| Subject: | Resolution 23-R-38 - Consideration and/or action by the City Council of the City of Schertz, TX approving a Resolution authorizing the Schertz Housing Authority to submit a request to the U.S. Department of Housing and Urban Development (HUD) for the release of Project Based Voucher funds under Title V of the Quality Housing and Work Responsibility act of 1998, as amended, to undertake a project known as 1518 Apartments for the purpose or providing affordable housing. (S. Williams/B. James) |
BACKGROUND
The developer the 1518 Apartments that are currency in for site plan and plat approval, is partnering with the Schertz Housing Authority on the development of an affordable apartment complex. That partnership came about as a result of direction from City Council in January of 2022 when the developer of the project, the NRP Group approached the City about creating a Housing Finance Corporation or a Public Facilities Corporation.
The resolution authorizes the Schertz Housing Authority to submit a request to the U.S. Department of Housing and Urban Development (HUD) for the release of Project Based Voucher funds under Title V of the Quality Housing and Work Responsibility Act of 1998, as amended, to undertake the fm 1518 Apartment Project.
The City of Schertz is being asked for this approval as the project is located within the city limits of Schertz.
The resolution authorizes the Schertz Housing Authority to submit a request to the U.S. Department of Housing and Urban Development (HUD) for the release of Project Based Voucher funds under Title V of the Quality Housing and Work Responsibility Act of 1998, as amended, to undertake the fm 1518 Apartment Project.
The City of Schertz is being asked for this approval as the project is located within the city limits of Schertz.
GOAL
Work in partnerhsip with the the Schertz Housing Authority to provide quality affordable housing in the community.
COMMUNITY BENEFIT
Development of this project would increase the supply of quality affordable housing in the community.
SUMMARY OF RECOMMENDED ACTION
Approval of Resolution 23-R-38 authorizing the Schertz Housing Authority to submit a request to HUD to release project based voucher funds for the proposed FM 1518 Apartments.
RECOMMENDATION
Approval of Resolution 23-R-38.