https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6204961&GUID=616DF10E-21FF-4F49-B68E-3F90CF4FF433&G=FA9AD36F-9FB5-4633-8A99-4487E4A1114CLegistar15https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6204961&GUID=616DF10E-21FF-4F49-B68E-3F90CF4FF433&G=FA9AD36F-9FB5-4633-8A99-4487E4A1114C616DF10E-21FF-4F49-B68E-3F90CF4FF433-2024-09-19-20-02-56Title: Authorize (1) the City Manager to negotiate and execute a development loan agreement and security documents covering a loan with TX Ferguson 2022, Ltd., or affiliate(s) thereof (Applicant) in an amount not to exceed $4,618,487.00 in HOME Investment Partnerships Program Funds, conditioned upon Applicant, or the entity named by the award, receiving 2023 4% Housing Tax Credit award or other funding source subject to approval of the City for the development of a mixed-income affordable multi-family senior living community known as Estates at Ferguson, located at 9220 Ferguson Road, Dallas, Texas 75228 (Property); (2) the City Manager to negotiate and execute a development loan agreement and security documents with the Dallas Housing Finance Corporation (DHFC), or an affiliate(s) thereof in an amount not to exceed $3,965,000.00 in Community Development Block Grant Disaster Recovery (CDBG-DR) Funds to purchase and own the Property; and (3) approve the DHFC as long-term ground lessor of the property to enter into a long-term ground lease with Applicant and/or its affiliate(s), for the deveThu, 19 Sep 2024 20:02:56 GMT