The Amarillo City Council on Tuesday, Feb. 10 unanimously approved resolutions supporting four proposed affordable and workforce housing developments across the city. The projects could add more than 275 rent-restricted units if state tax credits are awarded.
The resolutions allow developers to apply for competitive 9% housing tax credits through the Texas Department of Housing and Community Affairs. City officials emphasized the action does not commit local tax dollars but is a required step in the state approval process.
“We had four different locations that came before us, and they need to ask for the city as a body to more or less endorse and approve their request,” Mayor Cole Stanley said after the meeting. “That request then goes to the state for housing tax credits, and that allows for those property owners to discount the rents.”…