City Council
Authorize the City Manager to negotiate and execute a forgivable development loan agreement and security documents with Braniff Lofts LP, an affiliate of Sycamore Strategies, LLC (together, the Applicant) in an amount not to exceed $ 7,000,000.00 in American Rescue Plan Act (ARPA ) Redevelopment Fund (name of fund for accounting purposes, but no federal funds are being used ), for the development of Braniff Lofts, a 48-unit permanent supportive housing complex located 2801 Wycliff Avenue, Dallas, Texas 75219 (Project ) - Not to exceed $ 7,000,000.00 - Financing: ARPA Redevelopment Fund
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