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 Roundstone?Development, LLC and/or its affiliate(s) (collectively referred to as Applicant), related to its application to the Texas Department of Housing and Community Affairs for 9% Competitive Low Income Housing Tax Credits for the development The?Cottages at Big Cedar to be located in Council District 3 on Mountain Creek Parkway and Eagle Ford Drive, Dallas Texas, 75349 (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
Roundstone Development, LLC and/or its affiliate(s) (collectively referred to as 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 The Cottages at Big Cedar, a ground-up development of a 74-unit mixed-income multifamily complex at Project. The Applicant has site control and may assign the contract to an affiliate.
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) to the application or dev...
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