By Scott Allen —
A resolution of support for housing tax credits from the Texas Department of Housing and Community Affairs (TDHCA) for Rolling Hills Apartments was approved by Fredericksburg City Council members on Monday night.
McDonald Companies, the group that will develop the apartments southeast of the Fredericksburg Elementary School campus, applied for the tax credits last year, but did not receive them.
“In our region, we only qualify for one tax credit each year,” Kent Myers, city manager, said. “Unfortunately, last year, this project was number two in the region so they were not able to achieve tax credit funding.”
Justin McDonald, president and chief operating officer for McDonald Companies, spoke about the differences since last year’s application.
“Primarily, we are applying for tax credits this year, but only on a 72-unit complex rather than 80 units,” McDonald said.