The Housing Tax Credit program is administered by Texas Department of Housing and Community Affairs. The program awards tax credits to eligible participants in order to offset a portion of their federal tax liability in exchange for the production or preservation of affordable rental housing. Investors benefit from the reduced tax liability in exchange for their investment and communities benefit from quality developments that are required to operate as rent restricted housing for up to 30 years or more.
San Marcos Properties
To date, there are eleven TDHCA Board approved multifamily apartment projects in San Marcos. Ten of those eleven multifamily properties are actively renting units and one project (Mission Trails at El Camino) is currently under construction. In addition, there are three proposed multifamily complexes that have received a Resolution of No Objection from the City and there are two projects that have requested a Resolution from the City and are still under review. A map of these projects and their status can be viewed online at: https://arcg.is/1XmTre.