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Council adopts resolution backing 40-unit 'Capstone at Cedar Street' AHP application
Summary
The mayor and city council voted unanimously (one member absent) to adopt Resolution R-2025 expressing formal support for a 40-unit affordable housing project, Capstone at Cedar Street, to accompany an application to the Federal Home Loan Bank of Dallas AHP program.
The mayor and city council voted to adopt Resolution R-2025, formally expressing the city’s support for the Capstone at Cedar Street affordable housing project and the Banyan Foundation’s application to the Federal Home Loan Bank of Dallas Affordable Housing Program.
The resolution, introduced by the mayor and read into the record, describes Capstone at Cedar Street as a proposed 40-unit development intended to serve working families and align with community revitalization goals. Mr. Scott was present to answer questions from council members before the vote.
Council members moved and seconded the motion to adopt. The clerk called the roll: Councilman Marcelo, Councilman Hooper, Councilman Hyde, Councilwoman Woods, Councilman Leoo and President God voted yes; Councilman Reynolds was absent. The resolution was adopted.
Council materials say the city clerk is authorized to forward a certified copy of the adopted resolution to the project sponsor and other appropriate parties to support the application process. The resolution text as read highlights the project’s intended benefits—raising affordable housing supply, redevelopment of underutilized land and neighborhood infrastructure improvements.
The resolution does not appropriate funds or change zoning; it records the council’s formal support for the Banyan Foundation’s AHP application. The council did not take additional action on project funding at this meeting.
