Richardson Ridge Limited Partnership

Authorizes a $6,500,000.00 expenditure of Community Development Block Grant Disaster Recovery funds as a forgivable loan to Richardson Ridge Limited Partnership for the Richardson Ridge Apartments at 4000 Campus Drive, and finds the loan serves a public purpose of replacing affordable housing lost to Winter Storm Uri.

Richardson Ridge CDBG-DR Funds

Public hearing on Richardson Ridge Limited Partnership's application to TDHCA for non-competitive 4% housing tax credits to build a 228-unit affordable multifamily development at 4000 Campus Drive; the city adopts a resolution of no objection and commits fee waivers of $500–$30,000.

(CD 8) Conduct Public Hearing on the Application by Richardson Ridge Limited Partnership to the Texas Department of Housing and Community Affairs for Non-Competitive (4%) Housing Tax Credits for the C