PILLAR: Vibrant
AGENDA DATE: March 25, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
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SUBJECT
Title
Authorize an amendment to Resolution No. 21-1809, previously approved on November 10, 2021 to (1) require all homes to be sold to eligible homebuyers earning at or below 80% of the Area Median Income; and (2) amend the term of the amended and restated conditional loan agreement (Agreement) to two years from the execution date of the Agreement, by which date all homes be constructed and sold - Financing: No cost consideration to the City
*In alignment with Dallas Housing Resource Catalog.
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BACKGROUND
The City of Dallas initiated its Neighborhood Investment Program (NIP) in 2003 by designating five census tracts-25.00, 39.02, 49.00, 89.00, and 101.01-as target areas for focused community investment, effective October 1, 2003. In September 2005, the City Council revised and expanded the NIP to include additional adjacent census tracts.
On November 7, 2006, Dallas voters approved of a $1.35 billion General Obligation Bond package, allocating $41.5 million specifically to support economic development in Southern Dallas and in areas associated with transit-oriented development.
In December 2007, the City Council enhanced its Public/Private Partnership Program by establishing a new category to administer General Obligation Bond funds for economic development in Southern Dallas. Between 2008 and 2013 the City committed $3,400,000.00 in Bond Funds from the 2006 package to lnnercity Community Development Corporation (lCDC) to help carry out the South Dallas/Greater Fair Park Community Revitalization Plan through blight remediation and development through acquisition, remediation, and/or demolition of over 50 properties. The elimination of blight has led to the development and planned development of new homes by private developers, access to ...
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