Low Income Housing Tax Credit (LIHTC)

The Texas Department of Housing and Community Affairs (TDHCA) administers the tax credit program for the state of Texas. TDHCA requires that a City Council issue a Resolution of Support (9 percent tax credit applications) or a Resolution of No Objection (4 percent bond applications) in order for the applications to be eligible for tax credits or bond financing through the state.

The Resolution of Support issued by the City of Irving is specifically related to potential financing only and makes no finding regarding either the suitability of the proposed development site or compliance with the City's development regulations, and approval of the resolution will not be construed as a development permit or approval.


City of Irving Timeline

2024 Competitive 9% HTC Application update

Housing and Redevelopment developed scoring criteria for the 2024 Housing Tax Credit application cycle. City Council will utilize scored evaluation in their consideration for all requested Resolutions of Support.

Staff presented the proposed LIHTC scoring criteria during the October 12, 2023 City Council Work Session. Below are links to the PowerPoint presentation and the recording of staff presenting in front of City Council.

The City of Irving Policy for Developments Seeking Housing Tax Credits was approved at the November 9, 2023 City Council meeting. 

Application

All applications are due no later than 8:00 am on Monday, January 22, 2024 via email to ahill@cityofirving.org. Incomplete or late applications will not be accepted for consideration. This year's application has been revised to add a scoring element. Therefore, all other versions of previous LIHTC applications are obsolete and will not be accepted for consideration. All interested developers are encouraged to attend the virtual applicant information session.

Completed LIHTC applications submitted by the deadline will be notified upon receipt within two business days.

Applicant Information Session

A virtual information session  will be held for all interested developers. This session will review Irving's LIHTC application and answer any questions.

  • Tuesday, December 5, 2023
  • 10:00 am
  • Click here to join
    • Meeting ID: 835 8029 5413
    • Passcode: 404118


NonCompetitive 4% HTC Applications

Four percent (4%) housing tax credit applications are accepted year-round. The applications are subject to the same evaluation criteria as the 9% applications. 

The Housing and Redevelopment Division (HRD) will review each application to determine compliance application requirements and alignment with City zoning, future land use, and market value analysis information.

Through this process, staff will present an overview of proposed developments to Irving City Council, and the matter will be brought to the City Council for consideration following confirmation that all application requirements have been met. Applicants should anticipate requests for a resolution being presented to City Council approximately 60 days after a complete application is received. Processing may take longer during holidays.