PILLAR: Vibrant
AGENDA DATE: November 12, 2025
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: Neighborhood Revitalization
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SUBJECT
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Authorize (1) the approval of the 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 $40,000,000.00; proceeds of the Bonds will be loaned to Westmoreland Townhomes Limited Partnership, and/or its affiliate(s) (collectively referred to as Borrower) to finance a portion of the cost of the construction of an affordable multifamily complex to be known as Westmoreland Townhomes, located at 6600 South Westmoreland Road, Dallas, Texas 75228 (Development); and (2) the approval of the 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 October 17, 2025 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 Policy 2033.
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BACKGROUND
Westmoreland Townhomes Limited Partnership, a Texas limited partnership, and/or its affiliate(s) (collectively referred to as Borrower), has submitted to the Dallas Housing Finance Corporation (DHFC), a proposal for the development of Westmoreland Townhomes located at 6600 Sout...
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