Texas Department of Housing and Community Affairs Board Book 2026-05-07
South Terrace Apartments Receives HTC Increase in Waco
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Description
The TDHCA Board approved a $694,717 annual increase to the Housing Tax Credit amount for South Terrace Apartments in Waco, raising the total credit to $2,140,543 per year. The amended award addresses major construction cost overruns and unforeseen rehabilitation expenses after project completion.
Contract Details
Contract Amount
$2,140,543 annually (HTC)
Vendor
SOUTH TERRACE WACO LP
Agency
Texas Department of Housing and Community Affairs, TX
Contract Type
OTHER
Document Date
May 7, 2026
Renewal Info
Tax credit increase approved due to cost certification; original Determination Notice issued September 21, 2020. New credit amount effective for remaining compliance periods.
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APPROVEDIssuing Agency
Texas Department of Housing and Community Affairs
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