McKinney Housing Finance Corporation

CITY OF McKINNEY, TEXAS Minutes - Final Friday, April 13, 2018 8:00 AM 2nd Floor Conference Room 222 N. Tennessee Street McKinney, Texas 75069 McKinney Housing Finance Corporation McKinney Housing Finance Minutes - Final April 13, 2018 Corporation PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551.002, A QUORUM OF THE CITY COUNCIL MAY BE PRESENT. NO CITY COUNCIL ACTION WILL BE TAKEN. CALL TO ORDER CONSENT ITEMS This portion of the agenda consists of non-controversial or housekeeping items required by law. Items may be considered individually by the Board or Commission member making such request prior to a motion and vote on the Consent Items. Minutes of the McKinney Housing Finance Corporation Meeting of October 27, 2017 A motion was made by Board Member Amirpour, seconded by Wallis,that this Minutes be Approved and Referred . The motion carried by the following vote. REPORTS Update on Sphinx at Throckmorton Villas ITEM SUMMARY: · SDC Throckmorton Villas, LP has applied to TDHCA for 4% tax credits for the construction of Throckmorton Villas . · The proposed development, Sphinx at Throckmorton Villas, is located at 820 E. University Drive, in census tract 48085030900 which has more than 20% Housing Tax Credit (HTC) Units per Households. To continue its consideration of tax credits to the applicant, TDHCA requires that the Governing Body votes specifically to allow the proposed development to increase the amount of tax credit units in the affected census tract . · Per TDHCA, HTC units make up 34.34% of all households in census tract 48085030900 . · In addition and as a condition of its consideration of tax credits to the applicant, TDHCA requires the Governing Body to affirm, Resolution, that the proposed development is consistent with the jurisdiction’s obligation to affirmatively further fair housing . · At the City Council meeting on Tuesday, April 3, 2018 the Resolution was denied. · The Sphinx at Throckmorton Villas Project will not move forward. CITY OF McKINNEY, TEXAS Page 1 McKinney Housing Finance Minutes - Final April 13, 2018 Corporation Update of Anthony St Project Update on RFQ for Future Affordable Housing Development Utilizing Public Private Partnership with the MHFC DISCUSSION ITEMS Consider/Discuss on Purchasing Available Struck Off Property Shorts Addition, Blk 49, Lot 1B & 1D Consider/Discuss on Purchasing Available Struck Off Property WJS Russell 4th Addition, Blk 10, Lot 41 REGULAR AGENDA Consider/Discuss/Act on Proposed FY 2018-2019 Budget A motion was made by Bresnahan, seconded by Wallis,that this Agenda Item be Approved . The motion carried by the following vote. ADJOURN CITY OF McKINNEY, TEXAS Page 2 McKinney Housing Finance Minutes - Final April 13, 2018 Corporation Posted in accordance with the Texas Government Code, Chapter 551, on the 10th day of April, 2018 at or before 8:00 a.m. ___________________________ Sandy Hart, TRMC, MMC City Secretary In accordance with the Americans with Disabilities Act, it is the policy of the City of McKinney to offer its public programs, services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a person with a disability and require information or materials in an appropriate alternative format; or if you require any other accommodation, please contact the ADA Coordinator at least 48 hours in advance of the event. Phone 972-547-2694 or email contact-adacompliance@mckinneytexas.org. Advance notification within this guideline will enable the City to make reasonable arrangements to ensure accessibility. ADA grievances may also be directed to the ADA Coordinator or filed online at http://www.mckinneytexas.org/ada. CITY OF McKINNEY, TEXAS Page 3