PILLAR: Vibrant
AGENDA DATE: June 24, 2026
COUNCIL DISTRICT(S): 14
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 $75,000,000.00; proceeds of the bonds will be loaned to Fairfield Affordable Housing Fund Tranche XV LLC and/or its affiliate(s) (collectively referred to as "Borrower") to finance a portion of the cost of the development of units for an affordable multifamily complex to be known as Hall Street Apartments located at 1823 North Hall Street, Dallas, Texas 75204 (Development); and (2) application of the Texas Housing Finance Corporations Act, Chapter 394, Local Government Code (Act), to the property on which the Development will be constructed and the use of proceeds of the Bonds issued by the DHFC pursuant to the Act to finance and construct the Development; a public hearing with respect to the Bonds and the Development was held on April 8, 2026 after reasonable public notice was published in a newspaper of general circulation in the city of Dallas all in compliance with Section 147(f) of the Code - Financing: No cost consideration to the City
*In alignment with Dallas Housing Resource Catalog.
Body
BACKGROUND
Fairfield Affordable Housing Fund Tranche XV LLC, and/or its affiliates(s), authorized to transact business in the state of Texas (collectively referred to as "Borrower"), has submitted to the Dallas Housing Finance Corporation (DHFC), a proposal for the development of Hall Street Apartments located at 1823 North Hal...
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