Dripping Springs City Council passed a resolution of support Feb. 19 for the proposed Ranch Court Apartments development, a low-income housing concept for the property just north of Dripping Springs Presbyterian Church on RM 12. JMZ Land Co. and BETOC Housing Lab, the projects developers, are in the process of applying for low-income housing tax credits from the Texas Department of Housing and Community Affairs to finance the project. The credits are expected to be awarded to a Central Texas project by June 25. City Council’s resolution points to the city’s need for affordable projects like Ranch Court Apartments. If funding is secured, however, the developer will still have to return to the city for final project approval and zoning changes later this year.
Ranch Court Apartments affordable housing project receives Dripping Springs City Council support
Ranch Court Apartments affordable housing project receives Dripping Springs City Council support
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