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The Dallas City Council approved $10 million in Community Development Block Grant funds on April 26, 2023, and the land was acquired on July 20, 2023, for the Park at Northpoint. This project is a mixed-income development utilizing the Dallas Public Facility Corporation (DPFC) structure with LDG Development. The Park at Northpoint is a planned 615-unit development to be completed in two phases. These funds were awarded through the City’s Notice of Funding Affordability (NOFA) application which utilizes entitlement funds awarded to the City’s Department of Housing & Neighborhood Revitalization from the U.S. Department of Housing and Urban Development and are meant to help support growth and development in economically distressed areas. Located on a 15-acre site, off Technology Boulevard, the Park at Northpoint will offer 1-, 2-, and 3-bedroom units. Residents living at the development will be able to enjoy a variety of upgraded amenities, including granite countertops, wood look flooring, energy efficient appliances, and a swimming pool and fitness center. The Park at Northpoint will be a two-phase development. The first phase will offer 339 units, and the second phase will consist of 276 units, 10% of all units will be reserved for families earning 60% of the area median income, or $61,860 annually for a family of four, while 40% of the units will be reserved for families earning 80% of the area median income, or $82,480 annually for a family of four. The remaining units will be market-rate. Monthly rental rates for the units are expected to range between $1,028 to $2,428 and will remain income restricted for at least twenty years. The Park at Northpoint is being developed by LDG Development. Jake Brown, development manager for LDG development, anticipates that construction on the first phase of The Park at Northpoint will begin in the spring of 2024.
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