PILLAR: Vibrant
AGENDA DATE: June 24, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
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SUBJECT
Title
Authorize an amendment to Resolution No.?26-0510, previously approved on March 25, 2026 with Innercity Community Development Corporation (lCDC) for the final phase of the South Dallas/Greater Fair Park Community Revitalization Plan (Spring Avenue Redevelopment Project) to construct eight single-family townhomes for families earning up to 140% of Area Median Income, to amend the language in Section 1, to authorize the execution of a second amended and restated conditional loan agreement with a two year term from the date of execution of the second amended and restated loan agreement, by which date all homes should be constructed and sold - Financing: No cost consideration to the City
*In alignment with Dallas Housing Resource Catalog.
Body
BACKGROUND
The City of Dallas initiated its Neighborhood Investment Program (NIP) in 2003 by designating five census tracts-25.00, 39.02, 49.00, 89.00, and 101.01-as target areas for focused community investment, effective October 1, 2003. In September 2005, the City Council revised and expanded the NIP to include additional adjacent census tracts.
On November 7, 2006, Dallas voters approved a $1.35 billion General Obligation Bond package (the "2006 package"), allocating $41.5 million specifically to support economic development in Southern Dallas and in areas associated with transit-oriented development.
In December 2007, the Council enhanced its Public/Private Partnership Program by establishing a new category to administer General Obligation Bond Funds for economic development in Southern Dallas. Between 2008 and 2013 the City committed $3,400,000.00 in Bond Funds from the 2006 package to South Dallas/Fair Park Innercity Community Development Corporation ("ICDC") to help carry out the South Dallas/G...
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