Board Bill Number 74 Votes | Session 2022-2023

Chapter 99 Redevelopment Plan for the 3101, 3117-3123 Delmar Blvd. & 3107-3115 Franklin Ave Area

Board Bill

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3101, 3117-3123 Delmar Blvd. & 3107-3115 Franklin Ave Area. The project consists of the renovation of an occupied residential building and demolition of two homes to create a community space for residents in the JeffVanderLou neighborhood. The prospective redeveloper plans on renovating all 147 units ranging from 1-2 bedrooms, at the cost of $ 23 million. The redeveloper plans to utilize tax exempt, Nat’l/Affordable Housing Trust Fund, HOME, LIHTC and private funds for this project. The financial model concludes that the project supports fifteen (15) years of tax abatement (10 years based on 95 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 percent of the assessed value of the incremental improvements) and the LCRA Board concurs. This Board Bill will allow fifteen (15) years of tax abatement (10 years based on 95 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 percent of the assessed value of the incremental improvements).

View Board Bill 74 details

10/28/2022 Final Passage Vote Results

Note: Ward 10 Alderman Joseph Vollmer is voting in his role as president and not as alderman starting 06/07/2022.

Noes (0)

No "no" votes recorded

Did Not Vote (1)

Ward Alderman
3 Brandon Bosley

Abstain (0)

No aldermen abstained from vote

Present (0)

No "present" votes recorded

Absent (1)

Ward Alderman
16 Tom Oldenburg

Vacant Seat (1)

Ward
10 Seat is vacant

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