Authorize the City Manager to negotiate and execute a forgivable development loan agreement and security documents with Braniff Lofts LP, an affiliate of Sycamore Strategies, LLC (together, the Applicant) in an amount not to exceed $7,000,000.00 in American Rescue Plan Act (ARPA) Redevelopment Fund (name of fund for accounting purposes, but no federal funds are being used), for the development of Braniff Lofts, a 48-unit permanent supportive housing complex located 2801 Wycliff Avenue, Dallas, Texas 75219 (Project) - Not to exceed $7,000,000.00 - Financing: ARPA Redevelopment Fund
What this record is
- Held by
- Braniff Lofts LP
- Amount
- $7.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
professional services contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Department of Housing and Community Development
- Requested by
- Department of Housing and Community Development (HOU)
- Introduced
- March 28, 2025
- On agenda
- April 23, 2025
- Enactment no.
- 25-0635; CORRECTED; APPROVED
Where it was heard
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