American Rescue Plan Act of 2021
The Dallas City Council approved last month a massive $55 million payment to settle a lawsuit with Trinity East Energy LLC natural gas company. The oil and gas company filed suit in 2014 claiming that Dallas backed out of a deal to issue specialty permits after entering a lease with Trinity to drill on city-owned…
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Up to $100,000 per household is available in federal grant funds for Dallas’ Joppa, Five Mile, Tenth Street Historic District, and The Bottom neighborhoods. The designated areas are all underserved communities that experienced disproportionately negative impacts from the COVID-19 pandemic, according to city documents. The American Rescue Plan Act (ARPA) Neighborhood Revitalization Program is offering grant…
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Years after the City of Dallas purchased the 35,000-square-foot Miramar Hotel, officials are moving forward with a plan to redevelop the property into permanent supportive housing for the homeless. The city acquired the hotel at 1950 Fort Worth Ave. in 2020 and has eligible grant funds from the American Rescue Plan Act to cover $3.6…
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According to representatives from RCLCO Real Estate Advisors, a real estate consulting firm, the national economy could increase at a rate not seen since the 1950s. As the threat from COVID-19 slowly begins to fade, all segments of the real estate industry may be poised for big gains as well. In a March 18 webinar…
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From Staff Reports The landmark American Rescue Plan Act of 2021 provided some financial relief for Texans, but hundreds of thousands of renters facing eviction as the federal moratorium expires on March 31. It’s a ticking time bomb for the rental market. “The short-term multifamily outlook is less than ideal,” said Dr. Luis Torres, Research…
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