Consider and take appropriate action to approve a request to approve the declaration of land use restrictive covenants for the Land Use Restrictive Agreement (LURA) for the Juniper Creek SHIP project. (Commissioners Howard & Gómez)

Staff Report & Agenda Item Details

Foundation Communities has constructed Juniper Creek, a 110-unit multi-family affordable housing complex with three residential buildings and several centrally located green spaces and common amenities, including a playground, a dog park, barbeque grills, and picnic tables.  As stated in the subaward, Foundation Communities’ Juniper Creek project will provide quality affordable housing and supportive services to low-income families and individuals living at or below 60% AMI (area median income) to achieve long-term stability and self-sufficiency.   20% of the constructed housing units to Travis County residents that meet the definition of homeless that meet the McKinney-Vento definition.  <br id="isPasted"> <br>The Juniper Creek project is located at 11630 N Lamar Blvd., Austin, TX 78753. The project is 100% complete. Certificate of Occupany was issued by the City of Austin on 10/27/2025. This project was fully closed out on December 10, 2025 following the completion of all closeout requirements as specified in the subaward.<br> <br>Now that construction is complete, Foundation Communities has received approval of the Land Use Restriction Agreement (LURA) from TDHCA.  The requirements of the LURA are also outlined in Attachment L of the FC-Juniper Creek subaward.  The Supportive Housing Division and Compliance Monitor (Guidehouse) verified compliance with many aspects of the LURA requirements in Attachment L during the Travis County post-construction contract closeout process<em>.  </em>Now that TDHCA has approved the LURA, for the 4% LIHTC for Juniper Creek, Foundation Communities is seeking consent and subordination from all lien holders, including Travis County, prior to executing the Declaration of Land Use Restrictive Covenants Land Use Restriction Agreement (LURA) for Low Income Housing Tax Credits with TDHCA.  This request is to provide consent and subordination, not to request approval of the document attached herein referred to as Exhibit A: Declaration of Land Use Restrictive Covenants for Housing Tax Credits.  It is important for staff, with support from the County Attorney’s Office, to ensure the document referred to as Exhibit A are consistent with the LURA requirement in Attachment L of the subaward.