Board Bill Number 104 Votes | Session 2022-2023

Redevelopment Plan for the 3401 Goodfellow Blvd Area

Board Bill

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3401 Goodfellow Blvd Area. The project consists of the renovation of 11 residential buildings in the Wells/Goodfellow neighborhood. The prospective redeveloper plans on renovating all 146 units ranging from 2-3 bedrooms, at the cost of $ 30.5 million. The redeveloper plans to utilize Affordable Housing Trust Fund, Nat’l/Affordable Housing Trust Fund, 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 104 details

12/09/2022 Final Passage Vote Results

This board bill was part of a consent vote along with BB 73, BB 76, BB 83, BB 104, BB 108, BB 112, BB 113

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 (0)

No "Did Not Vote" votes recorded

Abstain (0)

No aldermen abstained from vote

Present (0)

No "present" votes recorded

Absent (2)

Ward Alderman
7 Jack Coatar
14 Carol Howard

Vacant Seat (1)

Ward
15 Seat is vacant

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