1431 West Camp Wisdom Road (File 26-319A)
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Authorize the approval of the (1) City Council of the City of Dallas, to act as the applicable elected representative, as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended (Code), of the issuance of multifamily residential mortgage revenue bonds (Bonds) issued by the City of Dallas Housing Finance Corporation (DHFC or Issuer) in one or more series of tax-exempt bonds in an amount not to exceed $30,000,000.00; proceeds of the Bonds will be loaned to Huntington Place Senior Living Dallas, LP and/or its affiliate to finance a portion of the cost of the development of units for an affordable senior complex to be known as Huntington Place Senior Living Dallas, located at 1431 West Camp Wisdom Road, Dallas, Texas 75236 (Development); and (2) application of the Texas Housing Finance Corporations Act, Chapter 394 of the Texas Local Government Code, to the property on which the Development will be constructed and the use of the Bond proceeds to finance and construct the Development; a public hearing with respect to the Bonds and the Development - Financing: No cost consideration to the City *In alignment with Dallas Housing Resource Catalog.
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Authorize the approval of the (1) City Council of the City of Dallas, to act as the applicable elected representative, as defined by Section 147(f)(2)(E) of the Internal Revenue Code of 1986, as amended (Code), of the issuance of multifamily residential mortgage revenue bonds (Bonds) issued by the City of Dallas Housing Finance Corporation (DHFC or Issuer) in one or more series of tax-exempt bonds in an amount not to exceed $30,000,000.00; proceeds of the Bonds will be loaned to Huntington Place Senior Living Dallas, LP and/or its affiliate to finance a portion of the cost of the development of units for an affordable senior complex to be known as Huntington Place Senior Living Dallas, located at 1431 West Camp Wisdom Road, Dallas, Texas 75236 (Development); and (2) application of the Texas Housing Finance Corporations Act, Chapter 394 of the Texas Local Government Code, to the property on which the Development will be constructed and the use of the Bond proceeds to finance and construct the Development; a public hearing with respect to the Bonds and the Development - Financing: No cost consideration to the City *In alignment with Dallas Housing Resource Catalog.