PILLAR: Vibrant
AGENDA DATE: Month 25, 2026
COUNCIL DISTRICT(S): 14
DEPARTMENT: Office of Government Affairs
PRIORITY: N/A
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SUBJECT
Title
Authorize the approval of the City Council of the City of Dallas, as the applicable elected representative as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended (the "Code"), of the issuance of Multifamily Housing Revenue Bonds (Roseland Homes) Series 2026, by the Dallas Housing Authority ("DHA") through its subsidiary, Housing Options, Inc., in one or more series of tax-exempt bonds in an amount not to exceed $69,152,737.00 (collectively, the "Bonds"); proceeds of the Bonds will be loaned to Roseland II, LP, a Texas limited partnership, or an affiliate of Roseland II, LP (together, the "Borrower"), to finance the rehabilitation and construction of an approximately 276-unit multi-family residential project to be known as Roseland Homes located near 3335 Munger Avenue, Dallas, Texas, 75204 (the "Project") - Financing: No cost consideration to the City
*In alignment with Dallas Housing Policy 2033.
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BACKGROUND
Pursuant to Chapter 392 of the Texas Local Government Code, DHA may authorize the issuance of bonds in one or more series for a corporate purpose of the DHA, including the issuance of mortgage revenue bonds to finance Low-Income Housing Tax Credit ("LIHTC") multifamily development projects. DHA, through its subsidiary, Housing Options, Inc. (together, the "Issuer"), intends to issue its Multifamily Housing Revenue Bonds (Roseland Homes) Series 2026, in one or more series, in an amount not to exceed $69,152,737.00; proceeds of the Bonds will be loaned to the Borrower to finance the rehabilitation and construction of the Project.
Since the Project is located within the city of Dallas ("City"), Section 147(f) of the Code requires that the proposed bond issue be approved by the City Council, as the applicable elected rep...
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