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Board approves inducement resolutions for four affordable housing projects
Summary
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 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…
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