Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund, a Dallas-based Texas non-profit corporation and certified Community Development Entity or a subsidiary thereof (DDF), Cartamundi Dallas and affiliated entities (Cartamundi), and Regions Bank and its subsidiaries thereof (Regions), of up to $11 million of DDF’s $55 million NMTC allocation in support of an expansion project located at 5101 Highland Place Drive, Dallas, Texas 75236 (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 *In alignment with Economic Development Incentive Policy.

Committee

Office of Economic Development

Requested by

Office of Economic Development (ECO)

Introduced

October 19, 2026

On agenda

November 10, 2026

Where it was heard

City Council Nov 10, 2026

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