Villas Development Corporation

Amends a TIF development agreement for the Mariposa at Western Heights mixed-income apartment development to subordinate city deed restrictions in favor of lender Bellwether Enterprise Mortgage Investments, LLC and extends the affordability period from 15 to 20 years, at no cost to the city.

…0 between the City of Dallas (“City”) and Villas at WH 20, LP and its affiliate Villas Development Corporation (collectively, “Owner/Developer”) and the associated deed restrictions recorded…

Amendment to a TIF development agreement for the Mariposa at Western Heights mixed-income apartment development, allowing the City to subordinate deed restrictions to a Fannie Mae permanent financing loan and accepting a limited recapture guaranty from the developer in exchange.

…0 between the City of Dallas (“City”) and Villas at WH 20, LP and its affiliate Villas Development Corporation (collectively, “Owner/Developer”) and the associated deed restrictions recorded…

Authorize a Resolution of Support for Sphinx Development Corporation's application to TDHCA for 9% Housing Tax Credits for the Eagle Ford Townhomes development at 6000 Eagle Ford Drive, along with a nominal $500 line of credit agreement for the proposed multifamily mixed-use development.

Authorize (1) the adoption of a Resolution of Support for Sphinx Development Corporation and/or its affiliate(s) (Applicant), related to its application to the Texas Department of Housing and Communit