HFC approves inducement and LLC resolutions for Taylor Village (formerly Baraboo Hills)
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Summary
The board approved resolutions and memoranda for Taylor Village, a proposed senior multifamily development on a 20‑acre site at 6200 Baraboo Drive, including preservation of tree cover and stormwater detention planning.
The Dallas Housing Finance Corporation on Sept. 9 approved a set of resolutions and a memorandum of understanding to support Taylor Village (formerly Baraboo Hills), a multifamily senior development planned at 6200 Baraboo Drive.
Staff described the project as a two‑story, pitched‑roof building program on a 20‑acre campus with approximately 200 senior units, parking and circulation designed to fit existing zoning. The developer indicated plans to preserve a significant amount of tree coverage on the south side of the site and to locate required stormwater detention in the southeast portion of the property.
The board approved five related resolutions authorizing an MOU with Lincoln Avenue Acquisition LLC (or affiliate) and the creation of several limited liability entities to carry out acquisition, financing, development, land ownership and contracting for the project. Staff told the board the project fits within current zoning and that council-level coordination and bond allocation steps remain on the timeline.
Staff also noted the project team is underwriting conservatively for market rents and not assuming a rent spread in the pro forma; the developer and staff said the site’s proximity to library and transit were program advantages. The board voted in favor of the package during the meeting’s roll call.