City of Dallas, Texas Urban Land Bank Demonstration Program

City of Dallas, Texas  Urban Land Bank Demonstration Program City of Dallas, Texas  Urban Land Bank Demonstration Program - Start

2018-11-03 11K 11 0 0

City of Dallas, Texas Urban Land Bank Demonstration Program - Description

Application Training. Overview. Dissecting the Application. Program Description. Program Uses. Lot Sales Price. Eligible Program Applicants. Program Requirements. Application Steps. Tentative Application Timeline. ID: 712677 Download Presentation

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City of Dallas, Texas Urban Land Bank Demonstration Program

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City of Dallas, Texas

Urban Land Bank Demonstration Program

Application Training



Dissecting the Application

Program Description

Program Uses

Lot Sales Price

Eligible Program Applicants

Program Requirements

Application Steps

Tentative Application Timeline


Contact Information


Dissecting the Application


Pgs. 1-9


Scoring Factors

Pgs. 10-11


Pgs. 13-44


Program Description

The Dallas Housing and Acquisition Development Corporation (DHADC) is a non-profit entity organized under Chapter 379C of the Texas Local Government Code.

The following taxing entities participate in the Land: City of Dallas, Dallas County, Dallas County Hospital District, Dallas Independent School District, Dallas County School District, and Dallas County Community College District.

The purpose is to reclaim tax delinquent real estate for affordable housing development, community purposes and side lots.


Program Uses

For Sale Homes (min. of 5 yr. deed restriction):

A minimum of 25% sales < 60% of AMFI

Not more than 30% sales between 81% and 115% of AMFI

(45% of sales must be between 61% - 80% of AMFI)

B. Rental (min. of 15 yr. deed restriction):

100% < 60% AMFI

40% < 50% AMFI

20% < 30% AMFI

C. Community Purposes, for example:

Retail and community gardens

D. Side Lots Sold to Adjacent OwnersSide lots sales to adjacent owners can not sell, lease or transfer lot 3 years from the date of sale


Lot Sales Price

A. For-Sale or Rental development projects

Fair Market Value as determined by a Comparative Market Assessment

Price discounts will be subject to project underwriting and consideration of the targeted housing beneficiary

B. Community Purpose (lesser of):

Fair Market Value as determined by a Comparative Market Assessment

Price discounts are not applicable

C. Side Lots

Fair Market Value as determined by the appraisal district, or

Sales price recorded in the annual plan

Price discounts are not applicable to sale of lots to adjacent property owners


Eligible Program Applicants

A. For Sale, Rental, or Mixed Use:

Qualified Organization (CHDOs) - Right of First Refusal

Qualified Participating Developers

B. Community Purpose:

Not required to be a Qualified Participating Developer

C. Side Lots not appropriate for residential development

Adjacent Property Owners


Program Requirements



18-months from sale to commence construction

Must revert 3


from sale if permits and financing is not secured.

Compliance w/federal regulations

Affirmative Fair Housing Marketing and Selection Plan

Section 3

Minority Business Enterprises / Women Business Enterprises

Occupancy RequirementsOther:Community Outreach – 500 ft radiusLot Exchange



A: Federal, State and Local Requirements

B: List of CHDOs (as of June 6, 2018)

C: Rental and Single-Family Development Guidelines

D: Homebuyer Underwriting Guidelines

E: For-Sale Homebuyer Checklist

F: Sample Timeline

G: Affirmative Fair Housing Marketing Plan / Selection Plan

H: Neighborhood Groups/Associations

I: Applicant Forms

J: Applicant Conflict of Interest QuestionnaireK: Adjacent Property Owner Form


Application Steps


Tentative Application Timeline

Due Dates


July 25, 2018

Last day to submit applications for


July 11 - 25, 2018

Accepting applications between the hours of

9:00 am – 5:00 pm for


August 10, 2018

Complete scoring and issue Applicant notice

August 24, 2018

Complete underwriting analysis and recommendations

September 20, 2018

Land Bank Board Consideration

September 28, 2018

List of remaining lots available for sale posted on the website



All inquiries or comments should be emailed to:

DHADC will continue to post Frequently Asked Questions on the land bank’s website, which is located at:

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