PILLAR: Vibrant
AGENDA DATE: March 25, 2026
COUNCIL DISTRICT(S):|910|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 mMultifamily rResidential mMortgage rRevenue bBonds Series 2025 issued 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 $9,888,000.00 $19,776,000.00 (collectively the "Bonds"); one or more proceeds of the Bonds will be loaned to (1) Lakewest Senior Housing I, LP in the amount of $9,888,000.00, with respect to Village at Lakewest I Apartments I; and (2) Lakewest Senior Housing II, LP in the amount of $9,888,000.00, with respect to Village at Lakewest I Apartments I II, to refinance a portion of the cost of the acquisition, rehabilitation and construction of units for an affordable multifamily complex to be known as Village at Lakewest I Apartments I, (Series 2008 located at 2696 Bickers Street, Dallas, Texas 75212) and Village at Lakewest II Apartments II, (Series 2008 located at 2680 Bickers Street, Dallas, Texas 75212) ("together, the "Developments") - Financing: No cost consideration to the City
Body
BACKGROUND
Pursuant to Chapter 392 of the Texas Local Government Code, the DHA Dallas Housing Authority (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 for the financing to finance Low-Income Housing Tax Credit ("LIHTC") multifamily development projects. -The DHA, through its subsidiary, Housing Options, Inc. (collectively together, the "Issuer"), intends to issue its Multifamily Housing Mortgage Revenue Bonds (Village) Series 202...
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