HTC Resolutions of No Objection/Support
The City of Dallas recently released their new city policy for developers seeking resolutions of no objection/resolution of support for the Housing Tax Credit program. The policy seeks to support the broad goals of the Comprehensive Housing policy to do the following:
- Create and maintain affordable housing throughout Dallas,
- Promote greater fair housing choices, and
- Overcome patterns of segregation and concentrations of poverty through incentives and requirements.
The next application deadline for city council consideration is October 11, 2019.
Read more about their policy here.
August 2019 Issue
In late May, Dallas’ City Council amended the city’s Comprehensive Housing Plan (CHP) to add a Land Transfer Program. The Land Transfer Program incentivizes the development of affordable housing and the land for other uses according to the City’s development policies. This program will sell qualifying city-owned and foreclosed real property to for- and non-profit developers at less than fair-market value to build affordable housing and commercial development. Adding this program to the CHP will help the city meet its housing goal of over 6,000 housing units in three years. Click here for more information on the program and eligibility criteria.