26-1977A
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 DDF, The Salvation Army of North Texas and affiliated entities (The Salvation Army), and Capital One and its subsidiaries thereof (Capital One), including up to $8 million of DDF’s $55 million NMTC allocation, in support of the Salvation Army Campus Project located at 8625 North Stemmons Freeway, Dallas, Texas 75247 (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.
- 26-1047; APPROVED