12-17-15-Resolution-Supporting MWF Properties Low Income Housing Application-12/21/2015RESOLUTION #R12=1745
WHEREAS, MWF Properties has proposed a development for affordable rental housing
in the City of Sanger; and
WHEREAS, there is a need for affordable housing for the City of Sanger's citizens of
modest means; and
WHEREAS, MWF Properties intends to submit an application to the Texas Department
of Housing and Community Affairs (TDHCA) for 2016 Low Income Housing Tax Credit Program
funds; and
WHEREAS, there is a requirement for a de minimis commitment of development funding
by the Local Political Subdivision; and
WHEREAS, the City of Sanger supports construction at the site indicated by the developer
at the December 21, 2015, City Council Work Session.
Be it resolved that:
This resolution affirms the City of Sanger's support; and
Confirms the City of Sanger will provide a loan, grant, reduced fee or contribution of other
value for the benefit of the development in the amount of $10.
Resolved on the oL/ Sf day of December 2015.
or Thomas Muir
May
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Tami Taber, City Secretary