Multifamily Housing Revenue Bonds (25-2968A)
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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 $40,000,000.00; proceeds of the Bonds will be loaned to Westmoreland Townhomes Limited Partnership, and/or its affiliate(s) (collectively referred to as Borrower) to finance a portion of the cost of the construction of an affordable multifamily complex to be known as Westmoreland Townhomes, located at 6600 South Westmoreland Road, Dallas, Texas 75228 (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 October 17, 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 *In alignment with Dallas Housing Policy 2033.
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Submit low-income tax credit applications for four Dallas corridor projects
Context: Dallas City Council approved all four Resolutions of No Objection on November 12, 2025, covering 823 combined units across the four projects.
Recommended: If you are the developer on Torrington Forest, Tabor Village, Westmoreland Townhomes, or Waters at Waterchase, Dallas has cleared the local approval step — proceed to the Texas state housing agency filing window before it closes, as the Resolutions of No Objection are time-limited credentials for your 4% low-income housing tax credit applications.
Request Rivulet grant contract to investigate $23.5 million Dallas award
Context: The $23.5M Rivulet economic development grant was one of six items pulled from the consent agenda and separately approved by Dallas City Council on November 12, 2025, the single largest item in that group.
Recommended: File a public records request for the full Rivulet economic development grant agreement, including performance milestones, disbursement schedule, and any clawback provisions — the grant was pulled from the consent agenda for individual approval, which often signals council members had unresolved questions about the deal's terms.
Apply for Dallas Home Improvement repair assistance before funds are committed
Context: Dallas City Council approved $13.1M for the Home Improvement and Preservation Program on November 12, 2025, as part of $180.9M in housing bond authorizations.
Recommended: If you own a home in Dallas, the newly funded $13.1M Home Improvement and Preservation Program may cover structural or systems repairs — contact the city housing department now to check eligibility and get on the waitlist, since these programs typically exhaust funding within months of launch.
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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 $40,000,000.00; proceeds of the Bonds will be loaned to Westmoreland Townhomes Limited Partnership, and/or its affiliate(s) (collectively referred to as Borrower) to finance a portion of the cost of the construction of an affordable multifamily complex to be known as Westmoreland Townhomes, located at 6600 South Westmoreland Road, Dallas, Texas 75228 (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 October 17, 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 *In alignment with Dallas Housing Policy 2033.