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Committee reviews Braniff Lofts supportive-housing NOFA request; developer seeks $7 million ARPA gap loan
Summary
Dallas housing staff briefed the Housing and Homelessness Solutions Committee March 24 on Braniff Lofts, a 48-unit supportive-housing proposal for people living with or at risk of HIV/AIDS; developers requested $7,000,000 in ARPA redevelopment gap financing and staff asked the committee to forward the item to council.
Dallas housing staff briefed the Housing and Homelessness Solutions Committee March 24 on a NOFA-funded supportive-housing proposal, Braniff Lofts, a 48-unit project proposed by Sycamore Strategies with AIDS Services of Dallas as the services partner. Staff said the project seeks $7,000,000 in gap financing to be provided from the ARPA redevelopment fund and asked the committee for support to forward the financing contract to council.
Why it matters: Braniff Lofts targets permanent supportive housing for individuals and families affected by HIV/AIDS and would add 48 subsidized units in a downtown-adjacent location. Staff said the NOFA and underwriting follow TDHCA guidance and federal affordability rules; the city's…
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