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25-917A

Authorize the Dallas Public Facility Corporation (DPFC) to (1) acquire, develop, and own The Humphreys, a 322 unit mixed-income, multifamily development to be located at 5339 Alpha Road, Dallas, Texas 75240 (Project); and (2) enter into a seventy-five-year lease agreement with Ethos Property Development, LLC (Applicant) or its affiliate, for the development of the Project - Estimated Revenue Forgone (75 Years of Estimated Taxes): General Fund: $127,165,063.00 (see Fiscal Information)

CONSENT AGENDA Approved as an Individual Item Introduced February 28, 2025

What this record is

Held by
Ethos Property Development, LLC
Runs until
February 28, 2030 3 years away calculated from the contract term stated in the record
Type
contract
Field
Real estate

See everything else expiring in this field →

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
February 28, 2025
On agenda
March 26, 2025
Enactment no.
25-0456; APPROVED AS AN INDIVIDUAL ITEM

Where it was heard

City Council Mar 26, 2025