Ask the editor: How does Georgetown oversee affordable housing development proposals?

Georgetown City Council’s Nov. 28 action that will let the developer a proposed affordable housing project in the 1500 block of NE Inner Loop apply for state tax credits was the first time the council approved such a project under the city’s new process to review affordable housing proposals.

The new rules, which were approved by council members in September 2016, manage city staff and the council’s consideration of proposals from developers who intend to ask the state for tax credits.

Among the new rules are requirements that developers must hold public meetings with residents living near project sites before proposals can be brought before council.

Developers applying for 9 percent competitive housing tax credits from the state must submit rezoning requests to the city and have appropriate zoning in place before making requests for council approval. Affordable projects that involve noncompetitive 4 percent tax credits must be located on sties zoned for multifamily housing.


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