Multifamily Residential Mortgage Revenue Bonds (25-2970A)
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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 JPI Affordable Acquisition, LLC and/or its affiliate (collectively referred to as Borrower)to finance a portion of the cost of the renovation of units for an affordable multifamily complex to be known as Torrington Forest, located at 7100 South Great Trinity Forest Way, 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 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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Actions
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Submit low-income housing tax credit application to Texas after Dallas issued project approval
Context: Dallas City Council issued Resolutions of No Objection for all four projects on November 12, 2025, covering 823 total units — the required city sign-off before a state application can proceed.
Recommended: If you are developing Torrington Forest, Tabor Village, Westmoreland Townhomes, or Waters at Waterchase, your Resolution of No Objection is now in hand — file your 4% low-income housing tax credit application with the Texas Department of Housing and Community Affairs before the next state application cycle closes.
Request Rivulet grant agreement and job-creation benchmarks from Dallas city hall
Context: Council approved the $23.5M Rivulet economic development grant on November 12, 2025, pulling it separately from an 85-item agenda that also included $180.9M in housing bond authorizations.
Recommended: File a public records request for the full executed Rivulet economic development grant agreement, including performance benchmarks, job-creation commitments, and any clawback conditions — this $23.5M item was pulled individually from the consent agenda, which can signal it drew more scrutiny than routine approvals.
Ask Dallas housing office if your home qualifies for the new Home Improvement Program funds
Context: City Council approved the $13.1M Home Improvement and Preservation Program on November 12, 2025, pulling it individually from the consent agenda for a standalone vote.
Recommended: Dallas just authorized $13.1M for the Home Improvement and Preservation Program — contact the city's Office of Housing and Neighborhood Revitalization to find out whether your address qualifies for repair or preservation assistance under this newly approved allocation.
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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 JPI Affordable Acquisition, LLC and/or its affiliate (collectively referred to as Borrower)to finance a portion of the cost of the renovation of units for an affordable multifamily complex to be known as Torrington Forest, located at 7100 South Great Trinity Forest Way, 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 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.