24-3261
Authorize the Dallas Housing Finance Corporation (“DHFC or Corporation”) to acquire and own Oak & Ellum, a multifamily development located at 2627 Live Oak St, Dallas, TX 75204 and disbursement of $1,489,361.00 from Waterford Property Company, LLC Funds to Tax Increment Financing Reinvestment Zone Number Twelve (“Deep Ellum TIF District” or "TIF District") Fund, a payment in lieu of annual TIF District increment for tax years 2025, 2026, and 2027 (TIF District termination in tax year 2027 with fiscal year 2028 collections) - Estimated Revenue Foregone: General Funds $8,012,964.00 (estimated taxes over 15-year period minus the revenue for developer payment)
- Committee
- Department of Housing and Community Development
- Requested by
- Department of Housing and Community Development (HOU)
- Introduced
- October 16, 2024
- On agenda
- December 11, 2024
- Enactment no.
- 24-1764; DELETED
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