The Dallas Housing Finance Corporation on Oct. 14 approved inducement resolutions to pursue private-activity bond reservations for four planned affordable housing developments in Dallas: Huntington Place Senior Living Dallas, Tapestry at University Hills, Apex Towns at Mountain Creek, and Henley Apartments.

The resolutions are procedural steps that declare the corporation’s intent to issue bonds (private activity bonds) and to apply for allocations and related approvals; they do not authorize final bond sales or construction. Board members and project presenters said the inducements keep projects in the queue for Texas bond review and tax-credit allocations while developers complete design, zoning and financing work.

Why it matters: The inducements allow developers to seek private-activity bond reservations and tax credits that are commonly used to finance low- and moderate-income multifamily housing. Several presenters said demand for high-quality affordable housing — especially for seniors and family-sized units — remains strong in the neighborhoods targeted.

What passed
- Huntington Place Senior Living Dallas (inducement not to exceed $25,000,000): proposed 144-unit senior development near Camp Wisdom Road (zip code 75236). Presenter described senior-focused amenities and partnerships for on-site supportive programming. The board approved the inducement and authorized filing required bond applications.

- Tapestry at University Hills (inducement not to exceed $50,000,000): presenter Joel Pollack described a proposed 360-unit, 100% affordable community with 1-, 2- and 3-bedroom apartments fronting Lancaster Road in the University Hills master plan. The board approved the inducement and authorized bond-application steps.

- Apex Towns at Mountain Creek (inducement not to exceed $42,000,000): Blue Ridge presented a 234-unit “missing middle” townhome-style development emphasizing 3– and 4-bedroom units on approximately a 30-acre parcel with about 13 net usable acres. The board approved the inducement.

- Henley Apartments (inducement not to exceed $35,000,000): a proposed 228-unit wrapped-structure community on University Hills Boulevard near UNT’s south campus. The board approved the inducement; one member registered an abstention during roll call.

Board process and next steps: For each approved inducement the corporation authorized staff to file applications for allocation of private-activity bonds and related documentation with the Texas Bond Review Board. Developers said they would return with final financing documents, site plans, and tax-credit applications; staff emphasized these inducement votes reserve the projects’ place in upcoming bond and credit allocation processes but are not final financing approvals.

Quotes from presenters and board members: Joel Pollack, managing partner of Streamline Advisory Partners, said of Tapestry: “It’s our intent to be able to get this started and built by the second, third quarter of next year, with the units coming online sometime in mid ’27.” Ryan (Cross Residential) on Huntington Place described a “care team” model partnering with local faith-based groups to provide neighbor-led resident support. Blue Ridge’s Logan Hampton said the Apex Towns proposal aims to deliver “missing middle” townhome product with family-sized units that local demand is not meeting.

Limitations and clarifications: These votes were inducement resolutions — reservation and application steps — not final bond issuances. Developers noted the need to finalize site engineering, utility work, tax-credit pricing and construction plans; costs, unit mix and timelines remain subject to change as projects advance.

Votes at a glance (outcome): Each inducement resolution was approved by roll call or voice vote at the meeting; specific roll-call confirmations were taken on the record during each item.

What to watch: Developers will return with final financing documents, tax-credit applications and site plans; staff will bring required bond-authority documents for formal approval if and when underwriting and counsel approvals are complete.