26-1975A
Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund (DDF), a Dallas-based Texas non-profit corporation and certified Community Development Entity or a subsidiary thereof, Forest Forward and affiliated entities, and U.S. Bancorp Community Development Corporation and its subsidiaries thereof, including up to $8 million of DDF’s $55 million NMTC allocation, in support of the Forest Theater Redevelopment Project located at 1918 Martin Luther King Jr. Boulevard, Dallas, Texas 75215 (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 related to the Project - Financing: No cost consideration to the City *In alignment with Economic Development Incentive Policy.
- Committee
- Office of Economic Development
- Requested by
- Office of Economic Development (ECO)
- Introduced
- May 29, 2026
- On agenda
- June 24, 2026
- Enactment no.
- 26-1045; APPROVED