25-588A
Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund, a Dallas-based Texas nonprofit corporation and certified CDE or a subsidiary thereof (DDF), St. Philip’s School and Community Center and Capital One, National Association and its subsidiaries thereof, of up to $7 million of DDF’s $55 million NMTC allocation for a project located at 1600 Pennsylvania Ave, Dallas, Texas (Project), a qualified project under Section 45D of the Internal Revenue Code of 1986, as amended, as further described in Attachment A, and for DDF to collect related closing costs and annual fees - Financing: No cost consideration to the City
- Committee
- Office of Economic Development
- Requested by
- Office of Economic Development (ECO)
- Introduced
- January 31, 2025
- On agenda
- February 26, 2025
- Enactment no.
- 25-0375; APPROVED
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