Editor's note: This story was corrected to say City Council approved the submission of the application for the multifamily development.
A developer can now seek tax credits for a 324-unit multifamily development called 138 Lofts after Pflugerville City Council approved April 13 a resolution to submit an application for funding to the Texas Department of Housing and Community Affairs.
The 20-acre development will be located in Pflugerville's extraterritorial jurisdiction, along the south of CR 138 and east of SH 130.
NRP Group, the project's developer, is pursuing funding through the 4% noncompetitive tax credit housing program, NRP Group representative Nick Walsh said.
Units will be reserved for those making between 50% to 70% of the Travis County area's median household income, or AMI. Fifty percent of the median income is $48,800 for a four-person household, $43,950 for a a three-person household, $39,050 for a two-person household and $34,200 for a one-person household, according to NRP Group's presentation.
Walsh said the apartment complex is targeted for those employed by Pflugerville ISD, the Pflugerville Police Department, Amazon, Tesla and Pflugerville firefighters.
The development will consist of eight buildings with a designated area behind the complex for a detention basin to address flooding issues in the area, Walsh said.
City Council also approved widening East Pflugerville Parkway. The $799,886 project spans from Colorado Sand Drive to Weiss Lane, and the two-lane road will become a four-lane divided roadway. The funds will pay for professional services, which include a storm drain system, sidewalk path, signs, pavement markings and utility coordination, according to a presentation made to City Council.
A project timeline was not provided during the meeting, but it is funded by the city's $21.1 million transportation bond from 2018.