PILLAR: Vibrant
AGENDA DATE: March 25, 2026
COUNCIL DISTRICT(S): 14
DEPARTMENT: Office of Government Affairs
PRIORITY: N/A
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SUBJECT
Title
(1) A public hearing to receive comments regarding an application by Roseland Homes and/or its affiliate, DHA Housing Solutions for North Texas (collectively referred to as “Applicant”), to the Texas Department of Housing and Community Affairs (TDHCA) for 2026 4% Non-Competitive Low Income Housing Tax Credits for Roseland Homes located at 3535 Munger Avenue and 3335 Munger Avenue, Dallas, Texas 75204; and (2) at the close of the public hearing, authorize a Resolution of No Objection for Applicant, related to its application to TDHCA for the development of The Culbreath Roseland Homes - Financing: This action has nNo cost consideration to the City (see Fiscal Information)
Body
BACKGROUND
DHA proposes to redevelop the properties as a single unified community under the name Roseland Homes. The redevelopment will Applicant submitted a request to the City for a Resolution of No Objection for its application to the TDHCA for 2026 4% Non-Competitive Housing Tax Credits (4% Housing Tax Credits). The 4% Housing Tax Credits will be used to redevelop two existing multi-family communities, Roseland Townhomes (located at 3535 Munger Avenue, Dallas, Texas 75204) and Roseland Estates (located at 3335 Munger Avenue, Dallas, Texas 75204), as a single unified community under the name Roseland Homes (hereinafter referred to as the “Project”). TDHCA requires that 4% Housing Tax Credit applicants provide a Resolution of No Objection from the governing body of the jurisdiction in which the proposed development will be located. TDHCA also requires that the governing body conduct a public hearing for citizens to provide comments on the proposed development. Once a resolution is adopted and submitted to TDHCA, it cannot be changed or withdrawn.
The Project will involve redeveloping the current Roseland Townhomes and Roseland Estates. As part of the Project, the Applicant anticipates that three existing buildings consisting of a total of 14 units will be demolished, in order to construct a new management office building featuring a resident library, business center, and designated community meeting space to support programming and resident engagement. Additionally, all existing market-rate units will be converted into Tax Credit units (without public housing subsidy). The Project will include updated bedroom configurations that align with the proposed unit mix included in the TDHCA application. The Project will also incorporate an existing community gym constructed in 2004 that was not previously included within the Housing Tax Credit program.
As part of the Following redevelopment, all units will be rent-restricted according to Low-Income Housing Tax Credit program requirements and applicable Rental Assistance Demonstration (RAD) program guidelines. three existing buildings consisting of a total of 14 units are anticipated to be demolished, in order to construct a new management office building. All existing market-rate units will be converted to Tax Credit units (without public housing subsidy). The project will preserve property will serve income-qualified households and maintain long-term affordability while modernizing the community for current and future residents.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
This action has no cost consideration to the City. The redevelopment is anticipated to be financed through 4% Housing Tax Credits, Tax-Exempt Bond Financing, and participation in HUD’s Rental Assistance Demonstration Program.
The projected hard construction costs are approximately $25,500,000.00, reflecting substantial rehabilitation and modernization of the existing improvements.
DHA is actively coordinating with experienced equity providers and lending institutions to structure the tax credit equity investment and bond financing necessary to successfully complete the transaction. The development team is working closely with financial partners to ensure a stable capital stack that supports long-term sustainability and affordability.
No cost consideration to the City.
MAP
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