Authorize an amendment to Resolution No. 20-1568, previously approved on October 13, 2020 to (1) incorporate and apply the current terms and conditions of the Land Transfer Program (LTP), as amended most recently by Resolution No. 24-0257, on February 14, 2024, into Resolution No. 20-1568 which authorized the Conditional Grant Agreement and Development Agreement (Agreement) with Good Urban Development, LLC (Developer) for the Mill City Lots Infill Project; (2) amend the sales price limits from Resolution No. 20-1568 to permit homes to be sold at or below the maximum sales price allowed by the LTP and/or funding source requirements, as applicable, for the prospective homebuyers income at the time of qualification; and (3) amend Section 3.10 of Resolution No. 20-1568 to extend the project timeline as follows: (i) Developer shall construct and sell each affordable housing unit (Unit) within two years from the execution of the Agreement; (ii) Developer may receive one one-year extension for construction at the discretion of the Director of the Office of Housing and Community Empowerment (Director); and (iii) Developer may receive one additional one-year extension for the sole purpose of selling and occupying each Unit, at the discretion of the Director, provided that all Units are constructed within three years from the execution of the Agreement - Financing: No cost consideration to the City *In alignment with Dallas Housing Resource Catalog.

CONSENT AGENDA Approved Introduced February 2, 2026

What this record is

Held by: Good Urban Development, LLC
Runs until: February 2, 2027 155 days — goes back out to bid calculated from the contract term stated in the record
Type: amendment
Field: Construction

Read automatically from the title of the official record. The source document below is authoritative.