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.
To apply for Resolutions from the City of Irving, Developers seeking 4% and 9% HTCs from TDHCA submit a Housing Tax Credit Resolution of Support Application (PDF) within the timeline specified below:
City of Irving Timeline
Competitive 9% HTC Applications
Applications for Resolutions from the City of Irving for developers applying to TDHCA for 2023 Competitive 9% Housing Tax Credits will be accepted from Dec. 10, 2022 until Jan. 20, 2023 at 3 p.m.
The Housing and Redevelopment Division (HRD) will review each application to determine compliance with application requirements and alignment with City zoning, future land use, and market value analysis information.
Staff will present overview of proposed developments to Council at the Feb. 9 Council Work Session. Letters of Requests will be brought to City Council at the Feb. 23 Council meeting for consideration.
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.