Sunday, March 7, 2010

Frisco council votes to support reduced-rent apartments

Dallas Morning News
Valerie Wigglesworth // February 17, 2010

More than 100 people turned out Tuesday to voice opposition to two proposed apartment complexes in Frisco.

The planned complexes are dependent on acceptance into the state's Housing Tax Credit program, which provides federal tax incentives to developments with rents at below-market rates.

The complexes also would set aside a certain number of units for Section 8 voucher-holders from the Dallas Housing Authority.

Late into Tuesday night, the City Council discussed the projects and spent more than an hour in executive session consulting with the city’s attorney. Just before midnight, the council voted 4-to-1 to write letters supporting the projects to the state, which will decide in July which projects get funded. City support is key in the developers’ applications to the state for funding.

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1 comment:

  1. Hi, I really believe that sometimes governments don´t realise how hard it is for people to pay rent and taxes. I remember looking for apartment for rent buenos aires
    last year and Argentine citizens were telling me to be careful since renting could be tricky in some aspects and taxes were very high. I finally made a good decision and it turned out great.
    Summer

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