1823 North Hall Street (File 26-1694A)
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(1) A public hearing to receive comments regarding an application by Fairfield Affordable Housing Fund Tranche XV LLC and/or its affiliate(s) (collectively referred to as Applicant), to the Texas Department of Housing and Community Affairs (TDHCA) for 4% Non-Competitive Low Income Housing Tax Credits for Hall Street Apartments, a 354-unit multifamily residential development for persons of low and moderate income to be located at 1823 North Hall Street, Dallas, Texas 75204 (Project); (2) pursuant to Section 394.9025 of the Texas Local Government Code regarding bonds to be issued by the City of Dallas Housing Finance Corporation to finance the Project; and (3) at the close of the public hearing authorize a Resolution of No Objection for Applicant, acknowledging the Project’s location within one linear mile of another development serving the same target population, which received a Housing Tax Credit allocation in the three-year period preceding the date the TDHCA application round began, related to its upcoming application to TDHCA for the development of the Project - Financing: This action has no cost consideration to the City (see Fiscal Information) *In alignment with Dallas Housing Resource Catalog.
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Actions
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Obtain Hall Street bond hearing record and adopted resolution
Context: The June 24, 2026 item combined a Section 394.9025 public hearing on Housing Finance Corporation bonds with authorization of a Resolution of No Objection at the close of that hearing, but the supplied record contains no resolution text or notice documentation.
Recommended: Request the certified public hearing record and the signed Resolution of No Objection from the City Secretary, and confirm the resolution's recitals actually track the one-mile, three-year proximity acknowledgment the agenda described. If the hearing was noticed and held under Section 394.9025 of the Texas Local Government Code for bonds to be issued by the City of Dallas Housing Finance Corporation, verify on the face of the record whether the notice, hearing, and resolution were completed in that sequence before the state application relies on them.
Identify nearby tax-credit project before siting Hall Street deals
Context: The June 24, 2026 council item for Hall Street Apartments (354 units) expressly recites the one-linear-mile, three-year proximity condition for the Fairfield Affordable Housing Fund Tranche XV LLC application to the Texas Department of Housing and Community Affairs.
Recommended: The council resolution acknowledges that another development serving the same target population, within one linear mile of 1823 North Hall Street, already received a Housing Tax Credit allocation in the three years before this application round opened. Pin down that development's exact location and allocation date before you underwrite another 4 percent bond deal in the same radius, because a third project there would need its own separate acknowledgment and council resolution to move forward.
Ask which nearby project triggered Hall Street one-mile acknowledgment
Context: The June 24, 2026 approval for the 354-unit Hall Street Apartments at 1823 North Hall Street recites the one-mile, three-year condition and an unnamed affiliate structure without identifying either the neighboring development or the affiliate.
Recommended: The council approved a resolution acknowledging a competing tax-credit development within one linear mile serving the same population, but the record never names it. Ask city housing staff and the Texas Department of Housing and Community Affairs to identify that development, its allocation year, and how many Dallas resolutions of no objection have cited the same one-mile proximity condition — and press on who stands behind "Fairfield Affordable Housing Fund Tranche XV LLC and/or its affiliate(s)," since the approval extends to unnamed affiliates.
Ask how long Hall Street apartments stay income-restricted
Context: The June 24, 2026 council action authorized only a Resolution of No Objection and a bond hearing with "no cost consideration to the City," leaving unit-level affordability terms to the state application and Housing Finance Corporation bond documents.
Recommended: A 354-unit apartment building is headed for 1823 North Hall Street financed with tax-exempt bonds and 4 percent tax credits, which means income limits and rent restrictions are set in the state and bond documents, not in the city's approval. Ask the City of Dallas Housing Finance Corporation for the unit mix, income tiers, and the length of the affordability period before construction financing closes, because those terms are fixed at closing and are not revisited at a later city hearing.
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Timeline
(1) A public hearing to receive comments regarding an application by Fairfield Affordable Housing Fund Tranche XV LLC and/or its affiliate(s) (collectively referred to as Applicant), to the Texas Department of Housing and Community Affairs (TDHCA) for 4% Non-Competitive Low Income Housing Tax Credits for Hall Street Apartments, a 354-unit multifamily residential development for persons of low and moderate income to be located at 1823 North Hall Street, Dallas, Texas 75204 (Project); (2) pursuant to Section 394.9025 of the Texas Local Government Code regarding bonds to be issued by the City of Dallas Housing Finance Corporation to finance the Project; and (3) at the close of the public hearing authorize a Resolution of No Objection for Applicant, acknowledging the Project’s location within one linear mile of another development serving the same target population, which received a Housing Tax Credit allocation in the three-year period preceding the date the TDHCA application round began, related to its upcoming application to TDHCA for the development of the Project - Financing: This action has no cost consideration to the City (see Fiscal Information) *In alignment with Dallas Housing Resource Catalog.