File #: 24-0983    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/7/2024 In control: City Council
On agenda: 6/18/2024 Final action: 6/18/2024
Title: Resolution authorizing a 380 incentive agreement with Corpus Christi Capital Group LLC and Corpus Christi Party Hotel LLC in the amount of up to $5,000,000 over a 10 year period for the development of the Casa Blanca Village Apartments. The project will include up to 200 apartment units focused on workforce residences which will be income qualified and subject to HUD fair market rent limits.
Sponsors: Economic Development
Attachments: 1. Agenda Memo - Casa Blanca Apts, 2. Resolution - Casa Blanca Village 380 Agreement, 3. 380 Incentive Agreement Casa Blanca Village Apartments 06.14.24, 4. Presentation-06.18.24 Casa Blanca Village Apartments Final

Title

Resolution authorizing a 380 incentive agreement with Corpus Christi Capital Group LLC and Corpus Christi Party Hotel LLC in the amount of up to $5,000,000 over a 10 year period for the development of the Casa Blanca Village Apartments. The project will include up to 200 apartment units focused on workforce residences which will be income qualified and subject to HUD fair market rent limits.