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Victoria City Council to Consider Tax Credit Proposals for 4 New Seniors Housing Projects | Government

Victoria City Council will consider at a meeting on Tuesday whether to grant planning permission and tax credits to four companies seeking to build multi-family seniors’ housing in the city.

The proposals indicate that the proposed housing units would offer affordable rents for people at or below 60% of the region’s median income. As such, the companies are asking the council to support the development and their petitions to the Texas Department of Housing and Community Affairs for a competitive 9% council tax.

The median income for the Victoria region was $74,400 in 2021.

The development with the most units, 100, would be built by FishPond Development, an Austin company with similar facilities in Cuero and Portland. This development would be located on a 2.2 acre lot at 2513 N. Navarro St.

Commonwealth Companies, a Wisconsin-based real estate developer, is proposing to build a new 60-unit facility, Commons on Primrose, which would be located at 108 Primrose St. and 702 Bingham Road.

Realtex Development Corporation of Austin proposes to develop a new 96-unit affordable seniors’ community named The Victorian. It would be located at 901 N. John Stockbauer Drive.

KCG Development wants to build a multi-family development for the elderly located at the southwest corner of the intersection of Zac Lentz Drive and Mallette Drive. The land is approximately 9.6 acres and would include 90 units for residents.

Council is also set to hear a presentation from Julie Fulgham, director of development services, on the city’s code enforcement efforts.