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File #: 23-785    Version: 1 Name:
Type: BRIEFING MEMORANDUM Status: Agenda Ready
File created: 3/13/2023 In control: Housing and Homelessness Solutions Committee
On agenda: 3/21/2023 Final action:
Title: Upcoming Agenda Item: Authorize (1) a development loan agreement and security documents with the City of Dallas Public Facility Corporation (DPFC), or an affiliate thereof in an amount not to exceed $10,000,000 in Community Development Block Grant (CDBG) funds to acquire and own the development of a mixed-income affordable multifamily complex known as The Park at Northpoint (Project), located at 9999 Technology Boulevard West, Dallas, Texas (Property); and (2) the DPFC to enter into a long-term ground lease with LDG The Park at Northpoint, LP (Developer) and/or its affiliate, for the development of Project pursuant to 24 CFR 570.204(a) and (b) [David Noguera, Director, Department of Housing & Neighborhood Revitalization]
Attachments: 1. Memo
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Upcoming Agenda Item: Authorize (1) a development loan agreement and security documents with the City of Dallas Public Facility Corporation (DPFC), or an affiliate thereof  in an amount not to exceed $10,000,000 in Community Development Block Grant (CDBG) funds to acquire and own  the development of a mixed-income affordable multifamily complex known as The Park at Northpoint (Project), located at 9999 Technology Boulevard West, Dallas, Texas (Property);  and (2) the DPFC to enter into a long-term ground lease with  LDG The Park at Northpoint, LP (Developer) and/or its affiliate, for the development of Project pursuant  to 24 CFR 570.204(a) and (b) [David Noguera, Director, Department of Housing & Neighborhood Revitalization]