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The TDHCA Board convened their September board meeting on September 2, 2021.

September 2nd Meeting Summary

ITEM 3: EXECUTIVE

1. Executive Director’s Report

ITEM 5: HOUSING RESOURCE CENTER

Presentation, discussion, and possible action on the 2022 Regional Allocation Formula Methodology

  • Board approves staff recommendation to approve the 2022 Regional Allocation Formula methodology. The formula utilizes appropriate statistical data to measure the affordable housing need and available resources in the 13 State Service Regions that are used for planning purposes.

ITEM 4: ACTION REPORT ITEMS

  1. Report regarding the 2021 Competitive Housing Tax Credit awards
  2. Quarterly report relating to staff-issued Determination Notices for 2021 Noncompetitive 4% Housing Tax Credit applications

 

ITEM 5: BOND FINANCE

Presentation, discussion, and possible action on Resolution No. 22-002 authorizing modifications to single family homeownership programs and approving amending program documents and program guidelines, authorizing the execution of documents and instruments relating to the foregoing, making certain findings and determinations in connection therewith, and containing other provisions relating to the subject; and possible waiver of 10 TAC 10 TAC §27.4(a) and 10 TAC §28.4(a)

  • Board adopts the resolution recommended by staff

 

ITEM 6: SINGLE FAMILY AND HOMELESS PROGRAMS

Presentation, discussion, and possible action on Program Year 2021 Emergency Solutions Grants Program Awards

  • Board unanimously approves staff recommendation on Item 6 to make the 2021 ESG awards

 

ITEM 7: CBDG CARES

Presentation, discussion, and possible action on the Community Development Block Grant Coronavirus Aid, Relief, and Economic Security Act Texas Emergency Mortgage Assistance Program awards and any timely filed appeals

  • Board unanimously approves staff recommendation on the CDBG-CV awards

 

ITEM 8: RULES

  1. Presentation, discussion, and possible action on an order proposing the repeal of 10 TAC Chapter 12, concerning the Multifamily Housing Revenue Bond Rules, and an order proposing new 10 TAC Chapter 12 concerning the Multifamily Housing Revenue Bond Rules, and directing their publication for public comment in the Texas Register
    • Board unanimously approves staff recommendation to publish the draft multifamily housing revenue bond rules for public comment
  1. Presentation, discussion, and possible action on the proposed repeal of 10 TAC Chapter 11 concerning the Housing Tax Credit Program Qualified Allocation Plan, proposed new 10 TAC Chapter 11 concerning the Housing Tax Credit Program Qualified Allocation Plan, and directing their publication for public comment in the Texas Register
    • Board unanimously approves staff recommendation to publish the draft QAP for public comment.
  1. Presentation, discussion, and possible action on an order adopting new 10 TAC §1.8, Plan Requirements, Process, and Approval Criteria for Properties Designated for Camping by Political Subdivisions for Homeless Individuals, and directing its publication for adoption in the Texas Register
    • Board approves staff recommendation on Item 8c to publish the homeless camping rules in the Texas Register for final adoption.

 

ITEM 9: ASSET MANAGEMENT

  1. Presentation, Discussion, and Possible Action regarding a workout for La Esperanza Del Rio (HOME #1002040)
      • Board approves proposed restructuring of La Esperanza Del Rio transaction on Item 9a.
  1. Presentation, discussion, and possible action regarding an increase to the Housing Tax Credit amount
  • Board approves staff recommendation on Item 9b for the increase of housing tax credits for the two transactions referenced in the board item.

 

ITEM 9: ASSET MANAGEMENT

Presentation, discussion, and possible action regarding an increase to the Housing Tax Credit amount for Springs Apartments (HTC #18614)

  • Item removed from agenda

ITEM 10: MULTIFAMILY FINANCE

  1. Presentation, Discussion, and Possible Action on a waiver relating to 10 TAC §11.101(b)(2), related to Development Size Limitations for Bluff View Apartments in Boerne
    • Board unanimously approves staff recommendation to grant the requested waiver.
  1. Presentation, discussion and possible action regarding eligibility under 10 TAC §11.101(b)(1)(C) related to Ineligibility of Developments within Certain School Attendance Zones for Marine Park Apartments in Fort Worth
    • Board unanimously grants the “ineligibility of application due to school accountability ratings” waiver request from Marine Park Apartments.
  1. Presentation, discussion, and possible action regarding the issuance of Determination Notices for 4% Housing Tax Credit Applications 21451 Horizon Pointe San Antonio 21450 W. Leo Daniels Houston
    • Board unanimously approves staff recommendation to issue the determination notices for the two proposed transactions outlined in the item.
  1. Presentation, Discussion and Possible Action Relating to the Use of 2022 Credit Ceiling to Provide Allocations of Credits to 2021 Competitive Housing Tax Credit Applicants Negatively Impacted by Department Ministerial Error
  • 3 applicants initially on awarded list who are not being issued tax credits due to staff error.
    • Staff recommends allocating 2022 credits to these applications as the applications began expenditures with the expectation of receiving credits – totaling 4.3 million
    • Credits that come back from national pool will go to waitlist. Those coming from a specific region will go to deals in that region
    • Caps will pertain to the year from which credits are allocated. Forward commitment from 2022 credits would have 2022 caps associated
    • Board needed to meet July 31 deadline – credits awarded by that date therefore need to stand
    • Board grants the proposed limited waiver of 10 TAC Sec. 11.207(3) re: forward commitments and that the conditions and 2022 commitments referenced in the item are granted.