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Dallas Development Fund

organization
5 mentions across 3 events
The Dallas Development Fund is a Community Development Entity created in 2009 by the Dallas City Council and affiliated with the City of Dallas Office of Economic Development. It administers allocations of New Markets Tax Credits from the US Department of the Treasury to provide equity funding for real estate, corporate expansion, and social service projects in traditionally underserved communities.
3 eventsLast active Tracked since $7.0M city spending

Mention Frequency

Topic Distribution

Topics

development (5)
tax (5)
policy (3)
community (2)
contract (1)
grant (1)
budget (1)

Roles

mentioned (5)

Location

1500 Marilla Street, Room 6D North, Dallas, TX 75201·Show on Google Maps ↗
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Activity Timeline

June 2026

Consent Agenda

Authorization for the Dallas Development Fund to participate in a New Markets Tax Credit transaction, allocating up to $8 million of its $55 million NMTC allocation to support the Forest Theater Redevelopment Project at 1918 Martin Luther King Jr. Boulevard, in partnership with Forest Forward and U.S. Bancorp Community Development Corporation, at no direct cost to the City.

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

Consent Agenda

Authorizes a New Markets Tax Credit (NMTC) transaction involving the Dallas Development Fund, The Salvation Army of North Texas, and Capital One, allocating up to $8 million of DDF's $55 million NMTC allocation to support construction or renovation at the Salvation Army Campus Project on North Stemmons Freeway.

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

Consent Agenda

Authorization for the Dallas Development Fund to enter a New Markets Tax Credit transaction, allocating up to $15 million in NMTC credits with Pecan Deluxe and Dudley Ventures/Valley Bank to support the Pecan Deluxe Manufacturing Expansion Project at 2575 Lone Star Drive, with no direct cost to the City.

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

January 2026

Briefing Memorandum

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]

February 2025

Consent Agenda

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

$7.0M