STRATEGIC PRIORITY: Housing & Homelessness Solutions
AGENDA DATE: April 24, 2024
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
Title
A public hearing to receive comments on the proposed City of Dallas FY 2023-24 Urban Land Bank Demonstration Program Plan; and, at the close of the public hearing, approval of the City of Dallas FY 2023-24 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
On January 28, 2004, the City Council designated the Dallas Housing Acquisition and Development Corporation (DHADC) as its land bank for the purpose of acquiring, holding and transferring unimproved real property under the Urban Land Bank Demonstration Act ("Act"), codified in Texas Local Government Code, Chapter 379C, as amended and authorized the Articles of Amendment to the Articles of Incorporation and Bylaws of the DHADC and the adoption of the Urban Land Bank Demonstration Program Plan by Resolution No. 04-0458.
The Act 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 description of the City of Dallas Urban Land Bank Demonstration Program;
2. a list of community housing development organizations eligible to participate in the right of first refusal provided by Texas Local Government Code Section 379C.011;
3. a list of the parcels of real propert...
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