State approves tax credits for downtown Dallas apartment tower

The 2400 Bryan apartment tower is planned on the eastern edge of downtown Dallas.(<p><span style="font-size: 1em; background-color: transparent;">Perkins + Will</span><br></p><p></p>)

Steve Brown, Real Estate Editor

A state housing agency has approved tax credits to help finance the construction of a downtown Dallas affordable residential project.

Developer Matthews Southwest is proposing to build a 15-story apartment project at 2400 Bryan St., next door to the historic Dallas High School building. The proposed rental building would contain 212 apartments, including 105 affordable units.

The Texas Department of Housing and Community Affairs has approved $1.5 million in low-income housing tax credits to help finance construction of the downtown Dallas project. The Dallas development was one of 64 awards statewide totaling $76.6 million.

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