A public hearing to receive comments on the proposed City of Dallas FY 2025-2026 Urban Land Bank Demonstration Program Plan, and, at the close of the public hearing, approval of the City of Dallas FY 2025-2026 Urban Land Bank Demonstration Program Plan in accordance with Chapter 379C of the Texas Local Government Code - Financing: No cost consideration to the City *In alignment with Dallas Housing Resource Catalog.

This resolution approves the City of Dallas FY 2025-2026 Urban Land Bank Demonstration Program Plan. This plan, operating under Texas Local Government Code Chapter 379C, aims to acquire, hold, and convey tax-foreclosed or surplus land for affordable housing development. The Dallas Housing Acquisition and Development Corporation (DHADC) will administer the program, focusing on increasing the supply of affordable housing, eliminating blight, and returning vacant properties to productive use. The plan outlines eligible properties, developer qualifications, procedures for land sales, and restrictive covenants to ensure affordability. Notably, the administration of this program is transitioning from the Department of Housing and Community Development to the Department of Facilities and Real Estate Management (FRM). The plan also aligns with the Dallas Housing Policy 2033 and the Dallas Housing Resource Catalog. While the plan itself has no direct cost, it relies on various funding programs administered by other city departments for subsidies.

This program aims to increase the availability of affordable housing in Dallas by utilizing vacant and tax-foreclosed properties for development. Residents can benefit from more housing options, particularly for low- and moderate-income households, and neighborhood revitalization efforts.

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