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OtherDenied2005 Crystal River Parkway
Riverstone Multifamily Housing Project LIHTC
San Marcos
Description
Request to amend the 2019 no-objection resolution, sell to the Texas Housing Foundation, gain tax exemption and add 51 units at 30% AMI with a $100,000/year PILOT; denied.
Impact summary
The City Council denied it on Jul 14, 2026.
Without relief the owner says the property will be foreclosed and affordability lost; the school district avoided a ~$500,000/year loss.
Applicant
- Name
- LDG Development / Texas Housing Foundation
- Address
- 2005 Crystal River Parkway
At a glance
- Hearings
- 1
- Public comments
- 1
- Total mentions
- 1
Last vote · City Council
Denied7–0, unanimous
Last discussed Jul 14, 2026.
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