HomeMy WebLinkAboutFWHFC-2026-29 - Fort Worth Housing Finance Corporation (FWHFC) - Resolution RESOLUTION NO. FWHFC - 2026-29
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION AUTHORIZING THE PURCHASE OF 6 TAX-FORECLOSED
LOTS FOR AFFORDABLE HOUSING FOR A TOTAL COST NOT TO EXCEED
$150,000, INCLUDING CONSTABLE DEED AMOUNT, POST-JUDGEMENT
TAXES,AND ADMINISTRATIVE FEES IN COUNCIL DISTRICTS 5 AND 8
WHEREAS, the Fort Worth Housing Finance Corporation (the
"Corporation") seeks to foster the development of reasonably priced
quality housing and promote homeownership and neighborhood
revitalization throughout the City of Fort Worth ("City") and is additionally
an eligible housing development entity which assists persons of low and
moderate income in acquiring and owning quality affordable housing;
WHEREAS, the Corporation established an Infill Housing
Development program in 1996 and has constructed single family houses
on individual lots and developed subdivisions throughout the City,
especially in targeted neighborhoods, as part of its neighborhood
revitalization efforts
WHEREAS, the Corporation wishes to acquire the property
available through tax foreclosure and redevelop the land for affordable
housing; and
WHEREAS, the subject properties for purchase are located at the
following addresses: 1401 Lindsey Street, 2305 Farrell Lane, 5916 Maceo
Lane, 2108 Ridgeview Street, 2830 Evans Avenue and 6025 Truman Drive;
WHEREAS, the subject properties are located in Council Districts 5
and 8;
WHEREAS, the Board finds that as part of its Housing Affordability
Strategy, it is necessary to purchase 6 subject real properties for housing
development.
NOW THEREFORE, LET IT BE RESOLVED BY THE BOARD OF DIRECTORS
OF THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the purchase of the 6 lots from the City
of Fort Worth of the real property more particularly described on
the attached Exhibit "A" (the "Property") all in Fort Worth, Texas for
an amount not to exceed $162,000 including constable deed
amount, post judgement taxes, administrative fees, and
contingency costs.
2. THAT the Board approves the execution and delivery of the sale
and purchase agreement for the acquisition of the properties, the
acceptance of the deeds, and the execution and delivery of the
closing statements and any other related documents necessary to
complete the purchase the properties.
3. THAT Dana Burghdoff, General Manager of the Corporation, or
Kacey Thomas, Assistant General Manager of the Corporation, are
authorized to execute and deliver the sales and purchase
contracts for the acquisition of the properties, accept delivery of
the deeds and execute the closing statements for and on behalf of
the Corporation along with any related documents necessary to
purchase the properties.
4. THAT this Resolution takes effect from the date of its adoption.
AND IT IS SO RESOLVED.
Adopted January 27, 2026.
FORT WORTH HOUSING FINANCE CORPORATION
Ba�
Elizabeth Beck, President
Attest:
Jannette S. Goodall
EXHIBIT A
ADDRESS LEGAL DESCRIPTION PURCHASE PRICE
1401 Lindsey St. EAST ROSEDALE HEIGHTS ADDITION $15,075.48
Block 6 Lot 5
2305 Farrell Ln. ROSEDALE PARK ADDITION Block 20 Lot $7,964.64
2
5916 Maceo Ln. CARVER HEIGHTS Block Q Lot 5 $25,135.16
6025 Truman CARVER HEIGHTS Block R Lot 10 $10,405.29
Dr.
2108 Ridgeview ROLLING HILLS ADDITION Block 15 Lot 2 $37,232.39
St.
2830 Evans Ave. RYAN SOUTHEAST ADDITION Block 55 $39,415.05
232.5' 15-W32 1/2 16 ALL 14 THRU 17