It is recommended that the City Council:

1.  Conduct a public hearing to allow citizen comment on the application of FW Alton Park, LP, to the Texas Department of Housing and Community Affairs for 2016 Non-Competitive (4%) Housing Tax Credits for the proposed development of the Alton Park Apartments to be located at the northeast corner of Azle Avenue and Broadview Drive; and

2.  Adopt the attached Resolution of No Objection to the application by FW Alton Park, LP, to the Texas Department of Housing and Community Affairs for 2016 Non-Competitive (4%) Housing Tax Credits for the development of the Alton Park Apartments which also acknowledges that the One Year, Three Mile Rule applies to the proposed development..

FW Alton Park, LP, an affiliate of Fort Worth Housing Solutions and AMTEX Multi-Housing LLC, is applying to the Texas Department of Housing and Community Affairs (TDHCA) for 2016 Non-Competitive (4%) Housing Tax Credits for the Alton Park Apartments, a multifamily development and has requested support from the City of Fort Worth.  TDHCA requires Housing Tax Credit applicants to provide a Resolution of No Objection from the governing body of the jurisdiction in which the proposed development will be sited.  As part of these TDHCA requirements, the governing body must also conduct a public hearing for citizens to provide comment on the proposed development.

The Alton Park Apartments will have approximately 195 units.  Of these units, approximately 19 will be Rental Assistance Demonstration units with the remainder being affordable to households with incomes at or below 60 percent of area median income.  The proposed development will have one, two, and three bedroom units with amenities including a clubhouse, pool, business center, fitness room and an activity center.

The site of the proposed development is located within one linear mile of another development serving the same type of households which received an allocation of Housing Tax Credits for New Construction after January 26, 2013.  TDHCA's One Mile, Three Year Rule requires the local jurisdiction to vote specifically to allow the construction of a new development located within one mile or less of a current development which received tax credits within the last three years as described above.

Following the close of the public hearing, Staff requests that the City Council consider the attached Resolution of No Objection to support the application for 2016 Non-Competitive (4%) Housing Tax Credits for the development of the Alton Park Apartments.  The development could assist the City in fulfilling its goals under its Consolidated Plan and Comprehensive Plan by supporting economic development and providing quality, accessible, affordable housing for low to moderate income residents.  The site for the proposed development is zoned "C" - Medium Density Multifamily.

This development is located in COUNCIL DISTRICT 2, Mapsco 47S and 47W.

This M&C does not request approval of a contract with a business entity.