The Houston City Council approved a resolution supporting the construction of Silverleaf Senior Living, an affordable housing project seeking 9% Housing Tax Credits (HTCs) from the Texas Department of Housing and Community Affairs (TDHCA). The project is located at Blackhawk Blvd. and Texas Sage Dr. in the Gulfgate TIRZ. Due to TDHCA's One Mile, Three Year Rule, which restricts new HTC properties within one mile of similar developments completed in the past three years, a municipal resolution is required for the application to proceed. The resolution does not guarantee funding but allows the project to be considered for the limited number of HTCs available in the Houston region. The Housing and Affordability Committee reviewed this item on February 4, 2025, and the decision aligns with the city's goal to increase affordable senior housing options.
This decision enables the potential development of additional affordable senior housing in Houston, addressing a critical need in the community. By approving the resolution, the city allows the project to move forward in the competitive HTC application process, supporting long-term affordability goals.