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File #: 19-2035    Version: 1 Name:
Type: PUBLIC HEARINGS AND RELATED ACTIONS Status: Agenda Ready
File created: 12/6/2019 In control: Department of Housing & Neighborhood Revitalization
On agenda: 1/22/2020 Final action:
Title: A public hearing to receive comments on the proposed City of Dallas FY 2019-20 Urban Land Bank Demonstration Program Plan and upon the close of the public hearing, approval of the City of Dallas FY 2019-20 Urban Land Bank Demonstration Program Plan in accordance with Chapter 379C of the Texas Local Government Code - Financing: No cost consideration to the City
Indexes: 100
Attachments: 1. Resolution, 2. Exhibit A
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: January 22, 2020
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Michael Mendoza
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SUBJECT

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A public hearing to receive comments on the proposed City of Dallas FY 2019-20 Urban Land Bank Demonstration Program Plan and upon the close of the public hearing, approval of the City of Dallas FY 2019-20 Urban Land Bank Demonstration Program Plan in accordance with Chapter 379C of the Texas Local Government Code - Financing: No cost consideration to the City

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BACKGROUND

The Urban Land Bank Demonstration Act ("Act"), codified in Texas Local Government Code Chapter 379C, as amended ("Code"), allows the governing body of a municipality to adopt an Urban Land Bank Demonstration Program in which the officer charged with selling real property ordered sold pursuant to foreclosure of a tax lien may sell certain eligible real property by private sale for the public purpose of affordable housing development or other purposes outlined in the Act.

The governing body of a municipality that adopts an Urban Land Bank Demonstration Program must adopt a plan annually. The plan must include the following:

1. a list of community housing development organizations eligible to participate in the right of first refusal provided by the Texas Local Government Code Section 379C.011;

2. a list of the parcels of real property that may become eligible for sale to the land bank during the upcoming year;

3. the municipality's plan for affordable housing development on those parcels of real property; and

4. the sources and amounts of funding anticipated to be available from the municipality for subsidies for development of affordable housing in the municipality, including any money specifically available for housing developed under the program, as approved by the governing body of the municipality a...

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