Dallas Development Fund

Briefing memorandum informing the council that the Dallas Development Fund has been awarded a New Markets Tax Credit allocation, presented by the Deputy Director of the Office of Economic Development.

Dallas Development Fund Awarded New Markets Tax Credit Allocation [Heather Lepeska, Deputy Director, Office of Economic Development]

Authorization of a New Markets Tax Credit transaction of up to $7 million through the Dallas Development Fund for a qualified project at 1600 Pennsylvania Avenue, in partnership with St. Philip's School and Community Center and Capital One.

Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund, a Dallas-based Texas nonprofit corporation and certified CDE or a subsidiary thereof (DDF), St. Philip’s Scho