The Ladder Project (26-268A)
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The Ladder Project [Laura Miller, Chair, Congregation Shearith Israel]
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Verify Dallas City Council lease vote protects nine tax credit applications
Why now: The Housing and Homelessness Solutions Committee reviewed this item across three consecutive hearings on January 26, February 3, and February 10, 2026, yet no public record confirms the February 11 City Council vote outcome or whether the lease was formally executed.
What to do: Pull the February 11, 2026 Dallas City Council agenda item and minutes for The Ladder Project Dallas Public Facility Corporation 75-year lease to confirm it was approved without conditions — if the lease was not executed or carries unmet conditions, all nine 9% Low Income Housing Tax Credit applications to the Texas Department of Housing and Community Affairs may fail the mandatory site control threshold before underwriting can proceed.
Act before: After Texas Department of Housing and Community Affairs issues 2026 9% Low Income Housing Tax Credit application completeness determinations
Identify unnamed private applicant behind nine Dallas tax credit filings
Why now: Three public committee hearings on January 26, February 3, and February 10, 2026 produced no named private applicant in the committee record, which is structurally unusual for a multi-application, city-controlled 75-year lease vehicle involving competitive state tax credits.
What to do: File a public records request for Dallas Public Facility Corporation board minutes, resolutions, and any applicant disclosure documents tied to The Ladder Project — after three consecutive Housing and Homelessness Solutions Committee briefings, the public record still does not name the private entity holding the applicant role in this 75-year lease, yet that unnamed party controls access to nine simultaneous competitive 9% Low Income Housing Tax Credit applications through a city-backed financing structure.
Act before: After Texas Department of Housing and Community Affairs releases 2026 9% Low Income Housing Tax Credit application records (typically 30–60 days post-award cycle)
Confirm Dallas city resolution covers all nine housing tax credit applications
Why now: The committee record presented the $500 line of credit as covering nine separate 9% Low Income Housing Tax Credit applications through a single council resolution, but the Texas Department of Housing and Community Affairs 2026 Qualified Allocation Plan requires each competitive application to independently demonstrate local government support.
What to do: Contact Texas Department of Housing and Community Affairs application review staff directly to verify that the February 11, 2026 Dallas City Council resolution — a single $500 line of credit authorizing all nine applications in one action — was entered as valid local support documentation in each of the nine individual 9% Low Income Housing Tax Credit application files, because if the Texas Department of Housing and Community Affairs flagged or rejected the bundled authorization during intake, all nine applications may be missing a required threshold certification with no path to cure.
Act before: After Texas Department of Housing and Community Affairs releases 2026 9% Low Income Housing Tax Credit application completeness determinations
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The Ladder Project [Laura Miller, Chair, Congregation Shearith Israel]
The Ladder Project [Laura Miller, Chair, Congregation Shearith Israel]
The Ladder Project [Laura Miller, Chair, Congregation Shearith Israel]