Amarillo City Council approves measures supporting proposed affordable housing developments

The Amarillo City Council voted Tuesday to advance four measures aimed at supporting the development of more affordable housing in Amarillo. The council approved the items unanimously, with a four-zero vote, during their second reading.

The approved measures are tied to applications for nine-percent tax credits through the Texas Department of Housing and Community Affairs. These credits are designed to help offset development costs for housing projects, allowing property owners to offer reduced rental rates for qualifying tenants.

The four apartment developments included in the council’s action are Amarillo Lofts, Tuscany Point Amarillo, Tecovas Terrace, and Tecovas Terrace II. Each project is seeking state tax credits as part of its financing structure.

City of Amarillo Assistant Director of Planning Drew Brassfield said the council’s action represents an important procedural step. “Council approving these resolutions is a step in the application process to the state for the property owners,” Brassfield said.

If awarded, the tax credits would enable developers to offer lower monthly rents to residents who meet eligibility requirements. Tentative rental rates for the proposed developments are expected to range between $600 and $1,300 per month, depending on unit size and income qualifications.

Local officials say the effort reflects ongoing collaboration between city leadership and higher levels of government to address housing affordability challenges. Amarillo Mayor Cole Stanley emphasized the value of such partnerships, stating, “the more we are able to work with state and federal authorities, the easier it will be for our residents to have lower rental costs.”

According to Brassfield, participation in the tax credit program would not affect the city’s tax revenue. The incentives are structured to support development without placing additional financial burden on municipal resources.

The tax credit program administered by the Texas Department of Housing and Community Affairs is competitive, and approval from the state is not guaranteed. However, the council’s resolutions signal local support for the projects as they move forward in the application process.

If successful, the developments could expand access to housing options for Amarillo residents seeking more affordable rental opportunities, while contributing to the city’s broader housing supply.