Multifamily Housing Revenue Bonds (25-1622A)
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Authorize (1) the approval of the City Council of the City of Dallas, to act as the applicable elected representative, as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended (Code), of the issuance of multifamily residential mortgage revenue bonds (Bonds) issued by the City of Dallas Housing Finance Corporation (DHFC or Issuer) in one or more series of tax-exempt bonds in an amount not to exceed $50,000,000.00; proceeds of the Bonds will be loaned to Palladium USA, Inc. to finance a portion of the cost of the renovation of units for an affordable multifamily complex to be known as Palladium Buckner Station located at 8008 Elam Road, Dallas, Texas 75217 (Development); and (2) the approval of the application of the Texas Housing Finance Corporations Act, Chapter 394, Local Government Code (Act), to the property on which the Development will be constructed and the use of proceeds of the bonds issued by the DHFC pursuant to the Act to finance and construct the Development; a public hearing with respect to the Bonds and the Development was held on April 7, 2025 after reasonable public notice was published in a newspaper of general circulation in the City of Dallas all in compliance with Section 147(f) of the Code - Financing: No cost consideration to the City
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Review compliance obligations in Dallas's new affordable housing program agreement
Context: Dallas City Council authorized the City to act as administering entity for the housing program on May 28, 2025 — this authorization typically triggers federal compliance obligations that attach to all projects receiving funds under the program.
Recommended: If you represent developers, nonprofits, or property owners in the designated corridor, obtain the executed program agreement to identify fair housing certifications, environmental review requirements, and income documentation obligations now activated by the Council's authorization to act as administering entity.
Request affordable housing grant details from Dallas Housing
Context: Dallas City Council approved the $2.0M affordable housing infrastructure grant (item #23) on May 28, 2025, activating the program; it was one of six items pulled from the consent agenda for individual votes before final approval.
Recommended: Contact Dallas Housing & Neighborhood Revitalization to obtain program guidelines, eligibility criteria, and application timeline for the newly authorized affordable housing infrastructure grant program covering the designated corridor — funding allocation decisions will follow quickly now that authorization is in place.
Request May 28 council debate records on affordable housing grant vote
Context: The $2.0M affordable housing infrastructure grant was one of six items singled out from the consent agenda for individual votes on May 28, 2025 — indicating Council members raised questions not necessarily reflected in the official vote record.
Recommended: File a public information request for all speaker cards, written submissions, and the official discussion transcript for item #23 at the May 28, 2025 Dallas City Council meeting to surface what concerns prompted the pull from consent.
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Authorize (1) the approval of the City Council of the City of Dallas, to act as the applicable elected representative, as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended (Code), of the issuance of multifamily residential mortgage revenue bonds (Bonds) issued by the City of Dallas Housing Finance Corporation (DHFC or Issuer) in one or more series of tax-exempt bonds in an amount not to exceed $50,000,000.00; proceeds of the Bonds will be loaned to Palladium USA, Inc. to finance a portion of the cost of the renovation of units for an affordable multifamily complex to be known as Palladium Buckner Station located at 8008 Elam Road, Dallas, Texas 75217 (Development); and (2) the approval of the application of the Texas Housing Finance Corporations Act, Chapter 394, Local Government Code (Act), to the property on which the Development will be constructed and the use of proceeds of the bonds issued by the DHFC pursuant to the Act to finance and construct the Development; a public hearing with respect to the Bonds and the Development was held on April 7, 2025 after reasonable public notice was published in a newspaper of general circulation in the City of Dallas all in compliance with Section 147(f) of the Code - Financing: No cost consideration to the City