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25-461A

Authorize (1) the adoption of a Resolution of Support for Sycamore Strategies, LLC and/or its affiliate(s) (Applicant), related to its application to the Texas Department of Housing and Community Affairs for 9% Housing Tax Credits for the development The Magnolia to be located at 1401 Commerce Street, Dallas, Texas 75201; (a) accordance with 10 TAC § 11.3(d) (the “Administrative Code”), specifically allow the adaptive reuse of the Project, as required by the Administrative Code, because the Project is within one linear mile or less of West End Lofts (a 9% housing tax credit development located at 805 Elm Street), and is subject to the One Mile Three Year Rule; and (2) an agreement with the Applicant for a line of credit in the amount of $500.00 for the proposed multifamily development - Not to exceed $500.00 - Financing: General Fund

CONSENT AGENDA Approved Introduced January 22, 2025

What this record is

Held by
Support for Sycamore Strategies, LLC 2 records across this site
Amount
$500
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
contract

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Read automatically from the title of the official record. The source document below is authoritative.

Support for Sycamore Strategies, LLC also holds

Authorize (1) the adoption of a Resolution of Support for Sycamore Strategies, LLC, and/or its affiliate(s) (Applicant), related to its application to… $500 Dallas, TX
Committee
Department of Housing and Community Development
Requested by
Department of Housing and Community Development (HOU)
Introduced
January 22, 2025
On agenda
February 12, 2025
Enactment no.
25-0277; APPROVED

Where it was heard

City Council Feb 12, 2025

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