Senior citizens with lower incomes may have more living options in the future.
Two proposed affordable housing complexes in Corpus Christi would, if one is ultimately approved for tax credits, offer about 80 apartment units for seniors with incomes 60% or less of the area median income, according to city records.
A posted agenda shows the City Council is anticipated to vote Tuesday on whether to support the two projects – although only one would likely be developed – should one land a top spot on a competitive state-based process that would award 9% low-income housing tax credits.
The council’s involvement is largely limited to public support through a prevailing vote, but the item also requests allocation of about $500 in fee waivers, according to city records.
Although projects awarded the tax credits are not contingent on local government support, it is considered a key part of a points-based scoring system that the Texas Department of Housing and Community Affairs uses in evaluating projects. The state agency is responsible for determining which of those that apply benefit from the tax credits.