25-1155A
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
- no end date published in this record
- Type
- contract
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