What We Know About Legacy at White Rock

Details

Address

2825 N Buckner Blvd, Dallas, TX 75228

Units

212

Developer

LDG Development

Timeline

Nov 10, 2022 - LDG Development, LLC (Applicant) submitted an application to the Dallas Public Facility Corporation (Corporation) for the development of The Legacy at White Rock, a 212-unit mixed-income multifamily development to be located at 2825 N. Buckner Blvd (Project). The Corporation will own the site and improvements and lease the Project back to the Applicant or its affiliate. Pursuant to the Texas Public Facility Corporation Act, Chapter 303 of the Texas Local Government Code, as amended (Act), any public facility owned by a Public Facility Corporation is exempt from all ad valorem taxes. To qualify as a public facility, pursuant to the Act, a multifamily property must reserve at least 50% of the units for residents earning at or below 80% of the area median income (AMI). The Project will reserve 40% of the units for residents earning less than 80% AMI, 10% of the units for residents earning less than 60% AMI, and 50% of the units will be market rate. (Dallas Cityhall)