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Housing Tax Credit Application for Developer

Housing Tax Credit (HTC) program is one of the primary means of directing private capital toward the development and preservation of affordable rental housing for low-income households. Tax credits are awarded to eligible participants to offset a portion of their federal tax liability in exchange for the production or preservation of affordable rental housing. There are two types of Tax Credits: Competitive (9%) and Non-Competitive (4%). The HTC program in the State of Texas is administered by the Texas Department of Housing and Community Affairs. For more information visit the Texas Department of Housing and Community Affairs website.

To meet the City of Denton housing and development objectives, it shall be the City’s policy to analyze projects requesting support for proposed Housing Tax Credits (HTC). Such analysis will determine if the project(s) comply with the principles and policies found in the City’s Denton 2030 Plan, the 5-Year Consolidated Plan for Housing and Community Development, as well as various other master, strategic, and redevelopment or neighborhood plans, adopted by the City of Denton. The goal of this analysis is to (a) establish if HTC projects merit local support, and (b) prioritize HTC submissions if more than a single proposal is received during an evaluation period. The Community Development Division serves as the City’s primary staff and point of contact for all HTC programs.

Developers seeking consideration by the City of Denton for either a Resolution of Support or a Resolution of No Objection, for an HTC from TDHCA will need to review the HTC Policy and submit a request for support using the HTC Application.

Based on annual deadline from TDHCA, specific dates are subject to change. The City of Denton HTC application deadlines will be available the last month of the year.

2020 Workflow for 9% Competitive Program:

  • Application Due to City - 01/10/20
  • Application Review Meeting with City Staff - Week of 01/13/20
  • Presentation to City Council - 02/04/20
  • City Council Consideration of Resolution - 02/11/20

Contact Development Services for questions about the planning requirements for Multi-Family Development in the City of Denton at (940) 349-8541 or visit Development Services website.