25-923A
Authorize (1) acquisition by the Dallas Housing Finance Corporation (DHFC) of Oak & Ellum, an existing market-rate multifamily development located at 2627 Live Oak Street, Dallas, Texas 75204 for development of affordable housing; and (2) receipt and deposit of $1,489,361.00 from Waterford Property Company, LLC (Applicant) into the Tax Increment Financing Reinvestment Zone Number Twelve (Deep Ellum TIF District or TIF District) Fund as a one-time payment in lieu of annual tax increment for tax years 2025, 2026, and 2027 - Estimated Revenue Foregone: $9,502,325.00 to the City General Fund $8,012,964.00 (estimated taxes over 15-year period)
- 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.
- 25-0455; CORRECTED; APPROVED AS AN INDIVIDUAL ITEM
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