This is the city’s project under the Department of Housing and Urban Development’s Rental Assistance Demonstration program.
A joint venture between the Dallas Housing Authority and Housing Solutions for North Texas has been awarded a Commitment to Enter into a Housing Assistance Payments Contract for the Roseland Estates and Roseland Townhomes, two affordable housing communities in Dallas totaling 274 units.
The commitment was awarded under the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration program, known as RAD. The program is designed to raise private capital for public housing communities in order to support their long-term affordability. This is the city’s first conversion under the program.
The announcement took place a month after the owners secured $69 million in bond reservations from the Texas Bond Review Board to renovate both communities…