DALLAS HOUSING acquisition AND DEVELOPMENT CORPORATION (dhaDC/Land Bank Program)
The Dallas Housing and Acquisition Development Corporation (DHADC) is a non-profit entity organized under the Texas Nonprofit Corporation Act and acts as a duly constituted instrumentality of the City of Dallas (the "City"). Its purposes are to:
Urban Land Bank Demonstration Program:
One of the activities of the DHADC is to administer the Urban Land Bank Demonstration Program (the "Program" or "Land Bank"), which is authorized by Chapter 379C of the Texas Local Government Code. Another activity of the DHADC is to acquire and transfer, at less than market value, tax foreclosed vacant or distressed properties pursuant to Section 34.051 of the Texas Property Tax Code (i.e. HB 110 lots).
The objectives of the program are to acquire unproductive, vacant, and developable property, and property intended for commercial use to be "banked" for affordable housing or commercial development
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How to Apply:
Applicants ("Qualified Participating Developers") shall submit a complete application composed of all scored documentation and exhibits in duplicate on two separate flash drives. Each document saved should be clearly labeled identifying the portion of the application with which it corresponds. Excel spreadsheets may not link to external data sources and must be unlocked so that all data, including formulas, are viewable.
In addition, an application fee of $300 per application will be required along with the submittal of an application. Completed applications and fees should be submitted to:
City of Dallas – Housing & Neighborhood Revitalization DepartmentAttn: Land Bank Program Manager
City of Dallas – Housing & Neighborhood Revitalization Department
Attn: Land Bank Program Manager
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DallasULBDP@dallascityhall.com | 214-670-3644 | www.dallascityhall.com/LandBank