About the Dallas HFC

Our Mission

The Dallas HFC’s mission is to provide decent, safe, sanitary, accessible, and affordable housing to the residents of Dallas.

Background

Created by the City of Dallas in 1984, the Dallas Housing Finance Corporation (DHFC) provides tax-exempt mortgagerevenue bonds and other support for the acquisition, construction or substantial rehabilitation of multi-family housing. Developments facilitated by DHFC financing provide housing for individuals and families earning low to moderate income.

DHFC has the authority to purchase, lease, own, hold title to, or otherwise acquire interest in a residential development, directly or indirectly through a subsidiary of DHFC, provided that the City Council, by resolution, prior to the transaction being consummated by the DHFC:

Finds and determines that such transaction should be undertaken
Approves the form of the transaction
Authorizes such purchase, lease, or ownership of holding of title to or acquisition of the interest in the residential development in the form of the amendment as approved and amended by City Council and all governing policies

Dallas HFC Board Members

The DHFC Board is made up of volunteers that are appointed by each member of the Dallas City Council, with one member being appointed by the Mayor. These citizens dedicate countless hours reviewing projects, speaking with staff and community members, and attending meetings and conferences to be as informed as possible on all the programs offered. Officers including President, Vice President, Treasurer, and Secretary are elected from among the board members. Board members are highly involved in their respective districts, and many have extensive backgrounds in real estate, finance, law, business, and many other fields.