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DHFC approves MOU and creation of LLCs for Highline Illinois, 200‑unit mixed‑income project
Summary
The City of Dallas Housing Finance Corporation voted to adopt a memorandum of understanding with Generation Housing Partners and approve formation of several DHFC‑owned limited liability companies to support a 200‑unit mixed‑income project at 4710 West Illinois Avenue.
The City of Dallas Housing Finance Corporation on a unanimous vote approved a memorandum of understanding with Generation Housing Partners LLC and related entities and authorized formation of four limited liability companies to support the development of Highline Illinois, a proposed multifamily development at 4710 West Illinois Avenue.
The resolution before the board covered five related actions: adoption of the memorandum of understanding with Generation Housing Partners LLC and GHT Development 2 LLC (or a designated affiliate) for acquisition, financing, development and operation of Highline Illinois; and separate resolutions to create DHFC Highline Illinois GP LLC, DHFC…
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