Attention all Dallas developers: the city's call for applications for the 2025 9% Competitive Housing Tax Credits is officially open. The Department of Housing and Community Development is now accepting applications for this lucrative funding opportunity, and you've got until the end of the year to throw your hat in the ring. Whether you're after a resolution of support or a resolution of no objection from the Dallas City Council, your proposals need to be in by 5 p.m. CST on December 31. You can find the application form, guidebook, and further details online at the City of Dallas Housing Tax Credits website.
If you're curious about the selection process, mark your calendars for January 28, 2025, because that's when the Housing and Homelessness Solutions Committee is slated to review qualifying RFAs, the lucky ones that hit the required scoring benchmarks will get their chance in the spotlight, followed then by the big showdown before the full City Council on February 12, 2025. This is no small thing – a lot hangs on those decisions for the future of affordable housing in Dallas.
Dallas developers know the score: affordable housing is in short supply and high demand, and these tax credits can be a critical piece of the funding puzzle. With that 9% figure looking mighty appealing, it's clear why the city's call has likely already sparked a flurry of activity in architectural firms and development offices across the Big D. Should you hit a snag, or have a burning question or two about the application process, don't hesitate to reach out to the city's team at [email protected] for guidance.
