Title
Consider a memorandum/resolution of support for the Low-income Housing Tax Credit application to Texas Department of Housing & Community Affairs for RST The Madelyn, LP.
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DATE: February 17, 2026
TO: Kent Cagle, City Manager
FROM: Tiffanie McNair, Executive Director of Community Development
SUBJECT: Request for Resolution of Support for the application to the Texas Department of Housing & Community Affairs for Low-income Housing Tax Credit (LIHTC) for affordable housing development
BACKGROUND AND FINDINGS:
The Texas Department of Housing & Community Affairs (TDHCA) administers the competitive Low-income housing Tax Credit (LIHTC) program as funded by the U.S. Department of Treasury for the purpose of producing affordable housing. Affordable housing development applications are evaluated using the Qualified Allocation Plan (QAP) approved by the governing board of TDHCA. Upon the award of tax credits, the credits are sold to investors to yield cash equity for the development. TDHCA divides the state into regions; Killeen is in region eight (8) with Bryan, College Station, Temple, Waco, and other smaller cities.
For TDHCA funding cycle 2026, one (1) Killeen LIHTC development application will be submitted.
The project submitted to the City of Killeen for consideration is:
Project Name: RST The Madelyn, LP
Developer Name: Roundstone Development, Inc.
Project Type: Elderly
# of Units: 80
Funding Requested: $500 in reduced fee waivers
Location: 5100 block of Desert Willow Dr., 76549
To be more competitive for the tax credits, the development must request a resolution of support or a resolution of no objection from the City of Killeen. The developer is requesting that Killeen City Council issue a Resolution of Support. The developer is also requesting Five Hundred ($500) Dollars in a grant, fee waiver, or development related services. The waiver is considered a minimum level of commitment from the city per the TDHCA QAP.
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