https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7046436&GUID=EF80F8D4-AEE0-4BAA-BFF1-888DFB21E7BFLegistar15https://cityofdallas.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7046436&GUID=EF80F8D4-AEE0-4BAA-BFF1-888DFB21E7BFEF80F8D4-AEE0-4BAA-BFF1-888DFB21E7BF-2024-12-06-23-06-59Title: January 22, 2025 City Council Agenda Items related to Paradise Gardens, an affordable multifamily development to be located at 1500 North Garrett Avenue, Dallas, TX 75206 (Project), including: (1) a public hearing to receive comments regarding an application by LIH Paradise Gardens Preservation, LP, an affiliate of LEDG Capital, LLC (collectively, Applicant) to the Texas Department of Housing and Community Affairs (TDHCA) for 4% Non-Competitive Low Income Housing Tax Credits for the Project, and, at the close of the public hearing, authorize a Resolution of No Objection for Applicant’s application to the TDHCA; and (2) authorize (i) the Dallas City Council to act as the applicable elected representative, as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended, of the issuance of multifamily residential mortgage revenue bonds issued by the Dallas Housing Finance Corporation in one or more series of tax-exempt bonds in an amount not to exceed $18,000.00 (Bonds); proceeds of the Bonds to be loaned to Applicant to finance a portion of the Project; and (ii) thFri, 06 Dec 2024 23:06:59 GMT