PILLAR: Vibrant
AGENDA DATE: June 24, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
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SUBJECT
Title
Authorize the approval of the (1) City Council of the City of Dallas, to act as the applicable elected representative, as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended (Code), of the issuance of multifamily residential mortgage revenue bonds (Bonds) issued by the City of Dallas Housing Finance Corporation (DHFC or Issuer) in one or more series of tax-exempt bonds in an amount not to exceed $30,000,000.00; proceeds of the Bonds will be loaned to Huntington Place Senior Living Dallas, LP and/or its affiliate to finance a portion of the cost of the development of units for an affordable senior complex to be known as Huntington Place Senior Living Dallas, located at 1431 West Camp Wisdom Road, Dallas, Texas 75236 (Development); and (2) application of the Texas Housing Finance Corporations Act, Chapter 394 of the Texas Local Government Code, to the property on which the Development will be constructed and the use of the Bond proceeds to finance and construct the Development; a public hearing with respect to the Bonds and the Development - Financing: No cost consideration to the City
*In alignment with Dallas Housing Resource Catalog.
Body
BACKGROUND
Huntington Place Senior Living Dallas, LP, a Texas limited partnership, and/or its affiliate (collectively referred to as "Borrower"), submitted to the DHFC, a proposal for the development of Huntington Place Senior Living Dallas located at 1431 West Camp Wisdom Road, Dallas, Texas 75236 (Development) and subsequently enter into a long-term lease for the Development. The Borrower proposes to develop a high quality, senior residential community comprised of 210 units, to include 110 one-bedroom units and 100 two-bedroom units. Upon completion, the Development is an...
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