PILLAR: Vibrant
AGENDA DATE: November 10, 2026
COUNCIL DISTRICT(S): Citywide
DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
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SUBJECT
Title
A resolution to (1) authorize the Dallas Housing Finance Corporation (DHFC or Corporation) to delegate to the Texas Department of Housing and Community Affairs (TDHCA) its authority to issue Qualified Mortgage Revenue Bonds in an amount not to exceed $65,000,000.00 (the Bond Reservation), to be administered by TDHCA for the Texas Homebuyer Program; and (2) approve an assignment agreement between the DHFC and the TDHCA for the assignment of the Corporation’s Bond Reservation – Financing: No cost consideration to the City
*In alignment with Dallas Housing Resource Catalog.
Body
BACKGROUND
The purpose of this agenda item is to consider and adopt a resolution authorizing (1) the DHFC to delegate to the TDHCA its authority to issue Qualified Mortgage Revenue Bonds (Bonds) in an amount not to exceed $65,000,000.00 for the purpose of obtaining funds to finance home mortgage loans for persons of low- and moderate-income that TDHCA will administer through the Texas Homebuyer Program (Program); and (2) an assignment agreement between the DHFC and TDHCA assigning the Corporation’s bond reservation to TDHCA. As with all bonds issued by the DHFC, the Bonds are non-recourse to both the City and the Corporation. They are not liabilities of the City.
The Program is administered by TDHCA and targeted at first-time homebuyers and veterans to provide below-market mortgages to Texans that include down payment assistance (DPA) available as either a forgivable or deferred second lien. Interest rates vary based on the type of DPA received, location of the home, and market conditions at the time of closing.
Different program options are offered to homebuyers seeking assistance in targeted or non-targeted areas. Targeted areas include qualified census t...
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