PILLAR: Vibrant
AGENDA DATE: March 25, 2026
COUNCIL DISTRICT(S): 7
DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
______________________________________________________________________
SUBJECT
Title
Authorize an amendment to Resolution No. 21-1809, previously approved on November 10, 2021 to (1) require all homes to be sold to eligible homebuyers earning at or below 80% of the Area Median Income; and (2) amend the term of the amended and restated conditional loan agreement (Agreement) to two years from the execution date of the Agreement, by which date all homes be constructed and sold - Financing: No cost consideration to the City
*In alignment with Dallas Housing Resource Catalog.
Body
BACKGROUND
The City of Dallas initiated its Neighborhood Investment Program (NIP) in 2003 by designating five census tracts-25.00, 39.02, 49.00, 89.00, and 101.01-as target areas for focused community investment, effective October 1, 2003. In September 2005, the City Council revised and expanded the NIP to include additional adjacent census tracts.
On November 7, 2006, Dallas voters approved of a $1.35 billion General Obligation Bond package, allocating $41.5 million specifically to support economic development in Southern Dallas and in areas associated with transit-oriented development.
In December 2007, the City Council enhanced its Public/Private Partnership Program by establishing a new category to administer General Obligation Bond funds for economic development in Southern Dallas. Between 2008 and 2013 the City committed $3,400,000.00 in Bond Funds from the 2006 package to lnnercity Community Development Corporation (lCDC) to help carry out the South Dallas/Greater Fair Park Community Revitalization Plan through blight remediation and development through acquisition, remediation, and/or demolition of over 50 properties. The elimination of blight has led to the development and planned development of new homes by private developers, access to health care services, education services, employment/business opportunities, improved public safety and social interaction.
On November 10, 2021, the City Council approved an amended and restated conditional loan agreement with ICDC (Resolution No. 21-1809) to extend the agreement term to December 31, 2024; authorized demolition of the building at 4850 Brashear Street and convey the property to ICDC under Texas Local Government Code §253.011; require ICDC to construct eight single-family townhomes for families earning up to 140% of the area median income with a five-year affordability period; established deed restrictions and conditions ensuring the property promotes a public purpose, including landscaping and parking benefiting the Mill City Townhome Development; and provide for forgiveness of the remaining $1,765,177.00 of the $3,400,000.00 loan, upon completion and sale of homes to qualified buyers.
Progress to Date:
Construction began on the project in January 2026. The projected completion date for townhomes is June 2027. All homes will be occupied by December 2027.
Amendment to Existing Resolution:
The original resolution included a development delivery date that has passed. While intended to ensure timely completion, this rigid structure has proven impractical given the complexities of housing development, infrastructure coordination, and market fluctuations. To address this issue, the proposed amendment removes delivery timelines from the resolution and instead establishes them within the Conditional Grant Agreement and supplemental agreements. Authority to update timelines will be delegated to the Director, allowing administrative adjustments without requiring additional City Council action. This change provides flexibility while maintaining accountability and oversight. Additionally, the Office of Housing and Community Empowerment will reformat and enhance quarterly progress reports to clearly show the status of each project, including updated timelines and units delivered, ensuring transparency for City Council and stakeholders.
As a concession for the extended timeline, the developer has agreed to deeper affordability. Originally the homes were to be sold to families earning up to 140% of the Area Median Income (AMI). The revised resolution requires the homes to be sold to homebuyers at or below 80% AMI.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On December 12, 2012, the City Council authorized Community Revitalization Plans for all NIP target areas, including the South Dallas/Greater Fair Park Community Revitalization Plan by Resolution No. 12-3052.
On December 12, 2012, the City Council allocated $3,100,000.00 to South Dallas/Fair Park lnnercity Community Development Corporation (lCDC) for the acquisition of improved and unimproved properties located within the South Dallas/Greater Fair Park Community Revitalization Plan area by Resolution No. 12-3019.
On October 8, 2013, the City Council increased the existing economic development loan to ICDC to $3,400,000.00, by Resolution No. 13-1795.
On November 10, 2021, the City Council authorized the transfer of a tract of land (Lot 45, Block 2421, Parks & Friedman Spring Avenue Addition, commonly known as 4850 Brashear Street) to ICDC for the final phase of the South Dallas/Greater Fair Park Community Revitalization Plan (Spring Avenue Redevelopment Project) to construct eight (8) single-family townhomes for families earning up to 140% of Area Median Income (AMI), subject to a five-year affordability period, with loan forgiveness upon completion and sale to qualified homebuyers by Resolution No. 21-1809.
The Housing and Homelessness Solutions Committee was briefed by memorandum regarding this matter on February 23, 2026. <https://cityofdallas.legistar.com/View.ashx?M=F&ID=15262718&GUID=5A8FE48C-9AC3-4D71-A6CC-E2195CC98B2B>
The Housing and Homelessness Solutions Committee was briefed by memorandum regarding this matter on March 24, 2026. <https://cityofdallas.legistar.com/View.ashx?M=F&ID=15328621&GUID=8AB72D93-D66B-4403-B501-66F09DB058E3>
FISCAL INFORMATION
No cost consideration to the City.
OWNER/EXECUTIVE
South Dallas/Fair Park lnnercity Community Development Corporation (lCDC)
Billy Lane, Executive Director
MAP
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