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.
The City of Irving established a process utilizing scored evaluation criteria in their consideration for all requested resolutions of support. The information below is provided on the application process and requirements.