Dallas Weighs $8.8M Loan for 86-Unit Bella Limon Project
The City of Dallas is considering an $8.8 million development loan for Bella Limon, an 86-unit five-story mixed-income apartment complex proposed by O-SDA Industries at 4311-4329 Belmont Avenue.
The City of Dallas is considering an $8.8 million development loan for Bella Limon, an 86-unit mixed-income complex proposed by O-SDA Industries, LLC at 4311-4329 Belmont Avenue in Dallas. The five-story project is ground-up podium construction in City Council District 2.
The unit mix includes 24 one-bedroom, 46 two-bedroom, and 16 three-bedroom units.
O-SDA is applying for 2026 9% Competitive Low Income Housing Tax Credits from TDHCA. The City of Dallas approved a Resolution of Support on February 11, 2026.
The proposed loan combines $5 million in CDBG or HOME funds with $3.8 million in Mixed-Income Housing Development Bonus fee-in-lieu funds. The loan is conditioned on O-SDA receiving a 2026 9% Housing Tax Credit award.
- Address
- 4311-4329 Belmont Avenue, Dallas, TX 75204
- Units
- 86
- Floors
- 5
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