About the Dallas HFC

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 60 percent or below area median family 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