25-1335A
Upcoming Items on the May 28, 2025 City Council Agenda: Authorize (1) the City Manager to negotiate and execute a development loan agreement and security documents with TX Illinois 2024, Ltd., an affiliate of Generation Housing Partners, LLC (together, the Applicant) in an amount not to exceed $2,980,000.00 in HOME Investment Partnerships Funds (HOME) , conditioned upon Applicant, or the entity named by the award, receiving 2024 4% Housing Tax Credit award or other funding source subject to approval of the City for the development of the Hiline at Illinois, a 200-unit multifamily housing complex located 4710 W Illinois Avenue, Dallas, Texas 75211 (Project); (2) the City Manager to negotiate and execute a development loan agreement and security documents with the Dallas Housing Finance Corporation (DHFC) or affiliate(s) thereof in an amount not to exceed $3,970,000.00 in Community Development Block Grant (CDBG) Funds to purchase and own the real property located at 4710 W Illinois Avenue, Dallas, Texas 75211 (Property); and (3) approve the DHFC as long-term ground lessor of the property to enter into a long-term ground lease with Applicant and/or its affiliates(s) for the development of the Property pursuant to 24 CFR 570.201(a) and (b), subject to compliance with all funding source requirements [Darwin Wade, Assistant Director, Department of Housing and Community Development]
What this record is
- Held by
- TX Illinois 2024, Ltd
- Amount
- $2.98M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Real estate
real estate 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
- Housing and Homelessness Solutions Committee
- Introduced
- April 11, 2025
- On agenda
- April 22, 2025
Where it was heard
Housing and Homelessness Solutions CommitteeWatch what Dallas buys
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