STEP 1

Contact DHFC staff to review the application process, site location, timelines, and project affordability requirements. Support from the local City Council representative is recommended to ensure there are no objections from the City to move forward with a project.

STEP 2

Submit a completed application and $5,000 application fee to DHFC staff at least 30 days before the desired DHFC Board meeting.

STEP 3

Prepare a powerpoint presentation for the DHFC Board outlining the overall project concept complete with maps, proximity to services(schools, transportation, grocery stores, etc.), development costs, sources and uses estimates, proforma projections, and design renderings.

STEP 4

For LIHTC projects, the Applicant must present the request for a preliminary bond inducement to the DHFC Board. For all other projects, the Applicant will present an agreed-upon MOU to the DHFC for consideration.

STEP 5

When an initial bond inducement for a LIHTC project is granted by the Board, the request will be brought to the City Council to receive a Resolution of No Objection (RONO) as well as a TEFRA hearing. After initial approval by the DHFC Board, LIHTC projects seeking partnership with the DHFC will consider an MOU after a bond allocation has been assigned by the Texas BRB. The MOU will then be approved by the Board at the subsequent meeting. For all other projects, once an MOU is obtained from the Board the project will be submitted to City Council for final approval.