PILLAR: Vibrant
AGENDA DATE: February 11, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
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SUBJECT
Title
Authorize (1) the adoption of a Resolution of Support for Pivotal Housing Partners, LLC. and/or its affiliate(s) (collectively referred to as the Applicant), related to its application to the Texas Department of Housing and Community Affairs for 9% Competitive Housing Tax Credits for the development of Reserve at Augustine to be located at 115 South St. Augustine Drive Dallas, Texas 75217 (Project); and (2) an agreement with the Applicant for a line of credit in the amount of $500.00 for the proposed multifamily development of the Project - Not to exceed $500.00 - Financing: General Fund
*In alignment with Dallas Housing Resource Catalog.
Body
BACKGROUND
Pivotal Housing Partners, LLC. (collectively referred to as the Applicant) submitted a pre-application to the Texas Department of Housing and Community Affairs (TDHCA) for 2026 Competitive 9% Low Income Housing Tax Credits (9% HTC) for the development of Reserve at Augustine, a ground-up development of a 96-unit mixed-income multifamily complex at Project. A Real Estate Purchase Agreement for the Property has been executed between the current owner of the Property and PHP GP Holding, LLC, an affiliate of the Applicant
In the administration of its 9% HTC Program, TDHCA awards application points for a resolution from a governing body of a local municipality on the following basis:
Within a municipality, the application will receive:
? 17 points for a resolution from the governing body of that municipality expressly setting forth that the municipality supports (Resolution of Support) the application or development; or
? 14 points for a resolution from the governing body of that municipality expressly setting forth that the municipality has no objection (Resolution of No Objection) t...
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