“I’m very pleased the City of Dallas will receive $11,750,000 through the Department of Housing and Urban Development’s Section 108 Loan Guarantee Program. This funding will allow the City of Dallas to assist the Hamilton Atmos Limited Partnership to finance the rehabilitation of the Atmos Lofts, a mixed-use, mixed income residential development in the Dallas central business district. Through the Section 108 Program, we will continue our efforts to effectively expand access to affordable housing in the Dallas area.”
During Phase II, the Partnership will convert three vacant office buildings into 123 rental housing units, and 9,500 square feet of ground floor retail and parking garage and ground level parking.
City of Dallas Mayor Mike Rawlings said, “We want to thank the Department of Housing & Urban Development for understanding the vision and needs we have for our Downtown area. The Atmos project is a $30 million dollar investment which simply would not have been possible without HUD leveraging funds with the City of Dallas. We are excited to be able to provide the citizens of Dallas with new housing and retail opportunities in the Downtown Area. And, we are especially pleased to be able to repurpose the former Lone Star Gas building at 301 S. Harwood which had been vacant for a number of years.”
Congresswoman Johnson is the highest-ranking Texan on the House Committee on Transportation & Infrastructure
