The Ladder Project (26-268A)

Context: The February 11, 2026 Council item bundled all nine applications under a single $500 line-of-credit resolution and one 75-year lease, with no partial-award terms described across any of the three committee briefings.

Recommended: Pull the executed Dallas Public Facility Corporation 75-year lease and confirm it addresses what happens if fewer than all nine 9% LIHTC applications receive a TDHCA award — without that clause, the city could be locked into a 75-year lease obligation for units that never get built.

Context: All nine applications rode on one $500 line-of-credit resolution set for the February 11, 2026 Council agenda, an unusually concentrated bet compared to filing them individually.

Recommended: Search TDHCA's 2026 9% competitive award list, typically finalized by the board in July, to see how many of the nine Ladder Project applications actually received an allocation — any shortfall points to the single-lease, single-credit-resolution structure as the design flaw to fix before filing again in 2027.

Context: The applicant's identity was withheld across all three Housing and Homelessness Solutions Committee briefings on January 26, February 3, and February 10, 2026.

Recommended: Request the executed Dallas Public Facility Corporation 75-year lease and board resolutions under the Texas Public Information Act — five months after the February 11, 2026 vote, the private applicant who controlled access to nine simultaneous LIHTC filings still hasn't been named.

Context: The $500 line-of-credit resolution bundling all nine applications was set for a single February 11, 2026 Council vote, leaving no fallback path if some fail at TDHCA.

Recommended: Contact TDHCA board members now, ahead of the board's summer vote finalizing the 2026 9% competitive award list — once that list is locked, there's no remaining path to secure allocations for any of the nine Ladder Project applications that didn't score high enough.