I now declare the Plano City Council is convened into open session.

That all council members are present.

The

council will now recess into executive session and training room A to hold a closed executive meeting pursuant to the provisions of Vernon's Texas Codes annotated government code, Chapter 551.

The open meetings act, in accordance with the authority contained in Section 551071, to consult with the attorney to receive legal advice and discuss litigation.

And Section 551087 to discuss economic development matters.

Thank

you.

That all council members are present.

Our first item on the preliminary agenda is consideration and action resulting from the executive session.

Our next item is the housing tax credit resolution process update.

Director of Neighborhood Service, Curtis Hauer.

Good

evening, Mayor, Council, Curtis Howard, Director of Neighborhood Services.

And here to talk to you about the process of reinstituting our housing tax credit process that we have.

And

it has been on hiatus for a little while.

So just uh just a brief, you know, the housing tax credit process is a is a federal program designed to fund uh to fund developers and and uh financial institutions to try and promote affordable housing within within various areas.

Uh the uh Texas Department of Housing and in Community uh Housing and Community Affairs is the state agency that goes through the process and and uh oversees that process here in Texas.

So for cities, one of the things that we are is we're one step in this process for uh housing tax credits.

And what will happen is uh is the city will have a a uh a program or a process in place, and developers will come in and provide their

uh

ideas on what what's going on, and and then it becomes a competitive process, and cities will have to make a a determination of whether there's a resolution of support, a resolution of no objection, or no resolution granted.

And it's a competitive process, and so these points really make a difference for these developers that are trying to get some of these tax credits that can be very lucrative.

And so it becomes very important on how we do that process.

Uh just as part of history, one of the things that we have is we've got uh 12 apartment complexes here in uh in uh in the city of Plano.

Uh most of them, I think eight of them are approximately uh they cater to the to the uh elderly population, and then we've got four that cater to uh the general population, and they provide that uh that affordability that we need desperately here in Plano.

And so uh just kind of a little bit of history.

This uh this process started in Plano back in 2014 and went on uh to about 2021.

And what the process was is we had members of uh the City of Plano staff would evaluate applications and then go to council with the recommendations on uh what uh what should be what should be done.

Uh in 2021, uh based on uh council's advice, uh we changed that, and so we used our CRC, the community relations commission, and they went through that process, sort of like we do right now with the nonprofits and that funding uh model that we already have in place.

Uh and that went on for uh two years, 2021, 2022, and then we decided to hire a consultant the city did to oversee and look at that process and uh and see if we can make it better.

Uh so the consultant and at the same time we'd hire a consultant to do our housing study.

And so with those in place uh with the uh consultants' recommendations, uh, which was that uh that this revert back to uh city employees to do this to do this process and make recommendations to council.

Uh in July, uh well, let me go back in July.

What we did is we took that to the CRC and they recommended unanimously that uh we go back to the way we do things, that we have basically a board of of uh city employees from various uh from various departments that will make that determination, and then that will be then uh then uh submitted to council for final determination.

And so uh the uh the two decisions that the CRC made is they had option one, which is the the bolded option here, which is what they decide.

And the second option was to basically bring it back to the CRC and have the CRC do it.

Like I said, the uh the CRC said, hey, we want staff

to to

move forward

with this process.

And so uh and that will be the question that I ask for your guidance on today is what process do you want to put in place?

Uh we've got an application that that uh we have uh that we've been editing that based upon the recommendations from the consultant back in 2023.

And then what's gonna happen is we're gonna put that application on our website, make it available to developers at the end of uh November.

Uh that those applications will be uh due in January of 2026, and uh and then they'll go through the process of being evaluated if that's the guidance council gives us uh by the uh the uh multi-departmental team, and then city council will will present that those uh recommendations to city council and the developers will be able to present to you their ideas too, along with

that.

And then just uh just for purposes of the rest of this process and uh in in February, uh the applications, I think it should be uh 2026 right there.

Uh they should go to uh Text Department of Housing and Community Affairs, and then uh the rest of the process will continue on until TDC TDHCA makes their final determination.

So with that, uh at this time, I guess the only question I have is

if

I if you don't have any questions, uh I'm just looking for guidance on which option and answer any questions that you may

have.

All right.

Uh questions for Curtis.

Councilmember Horn.

Uh thank you, Curtis, for uh terrific presentation.

Yes, sir.

Um just wanted to

know.