Authorize an amendment to the Dallas Housing Resource Catalog (DHRC) to (1) amend the Dallas Homebuyer Assistance Program statement (Exhibit A, pp. 14-21) to provide expanded administration and adjust affordability periods to align with changes to federal HOME Investment Partnership Program regulations; (2) amend the Dallas Housing Finance Corporation program statement (Exhibit A, pp. 58-63) to formalize program operations; (3) amend the Dallas Public Facility Corporation program statement (Exhibit A, pp. 64-69) to formalize program operations; (4) amend the Housing Tax Credit Program statement in (Exhibit A, pp. 53-56) to clarify application criteria and process; (5) remove the Title Clearing and Clouded Title Prevention Program, as program is no longer available; and (6) make general edits throughout the DHRC (Exhibit A) to clean up formatting and grammar - Financing: No cost consideration to the City *In alignment with Dallas Housing Resource Catalog.

This resolution authorizes significant amendments to the Dallas Housing Resource Catalog (DHRC), a comprehensive guide to the city's housing programs and funding tools. These updates aim to streamline operations, align with federal regulations, and clarify criteria for various housing initiatives. The key changes include:

• Dallas Homebuyer Assistance Program (DHAP): The program statement (pp. 14-21), which includes the Targeted Homebuyer Incentive Program, is amended to allow for expanded administration, potentially involving third-party organizations. Affordability periods are adjusted to align with federal HOME Investment Partnerships Program (HOME) regulations, now ranging from 5 to 15 years depending on the amount of funds invested (e.g., 5 years for less than $215,000, 15 years for over $540,000). Maximum assistance is $60,000 in High Opportunity Areas and $50,000 elsewhere.

• Dallas Housing Finance Corporation (DHFC): The program statement (pp. 58-63) is formalized, detailing DHFC's purpose in financing affordable housing for low- and moderate-income persons, its ability to issue tax-exempt bonds, and various partnership structures (e.g., General Partner, Ground Lessor, Co-Developer, General Contractor for sales tax exemption). It requires at least 90% of units to be affordable and outlines new policies for applications, staffing, and reporting, including a Public Benefit Analysis (PBA) of at least 60% of estimated property taxes.

• Dallas Public Facility Corporation (DPFC): The program statement (pp. 64-69) is also formalized, clarifying DPFC's role in developing and preserving mixed-income workforce housing. Similar to DHFC, it details partnership structures and emphasizes leveraging future ad valorem tax revenue. It also includes new policies for applications, staffing, reporting (including a PBA of at least 60% of estimated property taxes), and a relocation policy for existing tenants.

• Housing Tax Credit Program: The statement (pp. 53-56) is amended to clarify application criteria and processes for both 9% and 4% Housing Tax Credits (HTC). It outlines requirements for developers seeking City Council Resolutions of No Objection or Support, including meeting TDHCA standards, affirmatively furthering fair housing, and specific conditions for projects in high-poverty or racially/ethnically concentrated areas (which may require a 2/3 Council vote).

• Removal of Title Clearing and Clouded Title Prevention Program: This program (pp. 23-25) is officially removed from the DHRC as it is no longer available.

• General Edits: Minor formatting and grammatical clean-ups are made throughout the DHRC (Exhibit A).

These changes will impact residents seeking affordable housing by updating the rules for homebuyer assistance, clarifying how the city supports affordable rental and for-sale developments through its housing corporations and tax credit programs. The removal of the Title Clearing program means residents with clouded property titles will no longer have this specific city resource to help clarify ownership.

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