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Council backs $500,000 line of credit and letter of support for Broderick senior housing project
Summary
Dallas City Council voted to support Saint Margaret Inc.'s application for 9% housing tax credits for a senior affordable development on Coit Road and authorized a line of credit for up to $500,000; one council member voted no citing concerns about operations and neighborhood impacts.
The Dallas City Council on Feb. 12 adopted a resolution offering a letter of support and authorized a line of credit of up to $500,000 for Saint Margaret Inc.’s proposed Broderick senior affordable housing development at 12800 Coit Road.
The resolution supports the developer’s application to the Texas Department of Housing & Community Affairs for 9% low‑income housing tax credits and authorizes the line of credit to help the applicant meet financing needs tied to the project. Councilmember Joann Mendelsohn publicly opposed the motion, citing neighborhood impacts around the existing St. Jude’s property and unresolved operational problems that she said had created public‑safety and nuisance complaints near Coit and LBJ.
Why it…
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