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Deal Tracker September 28, 2026 – Closed July 17, 2026 – DHFC July 14, 2026 – CC November 12, 2025 – CPC October 9, 2025 – Closed May 29, 2025 – DHFC January 14, 2025 – DHFC November 12, 2024 – DHFC August 27, 2024 – CC June 26, 2024 – CPC May 2, 2024 – CC May 24, 2023
District: 6 | Arcadia Park
300-Unit Multifamily HFC | 1100 N Walton Walker Blvd | Closed
You saved: 1h 45m, 14h 13m, 5h 55m, 2h 5m, 9h 34m, 14h 23m, 6h 2m
4% BOND NEW CONSTRUCTION
DISTRICT: 6
The Walton at Loop 12 1100 N Walton Walker Blvd
Arcadia Park | 15.42 Acres | 300 Units | Closed | Under Construction
Deal Tracker 9/28/26
Building Permit: 24 Phases in Inspection | Under Construction
LDG Development and Moss & Associates have every floor of The Walton's six buildings in inspection. The $37,760,700 building permit, filed August 14, 2024, runs as 22 phase permits, one for each floor of the six three-story buildings plus the clubhouse, the two garage buildings and the site work. All 22 are in inspection, and the pool house and fire pump house joined them as their own phases on May 12, 2026. Building 6 carries the most construction value at $7,507,100, then Building 2 at $7,098,300, Building 4 at $6,633,800 and Building 1 at $6,348,000; Buildings 3 and 5 run $4,711,000 each and the clubhouse $568,000.
The trades have worked the buildings floor by floor. The plumbers filed for the first level of all six buildings between October 22 and November 3, 2025 and for the second and third levels on December 18; the electricians filed for Buildings 1 through 3, the first floor of Building 4 and the leasing office in the first week of November, then for the rest of Buildings 4 through 6 between January 7 and March 11, 2026; the HVAC contractor filed for all 18 floors between March 3 and March 8. Every floor now carries its own electrical, plumbing and mechanical permit, 72 trade permits in inspection across the site. Fire protection runs alongside: the $775,000 sprinkler system filed October 1, 2025, the $348,184 fire alarm filed January 27, 2026 and the $104,000 emergency responder radio system filed May 1 are in inspection, and the underground fire line is complete.
Moss filed for the access control system and the vehicle gates on February 13, 2026, at $112,242 each, and permits for its two lit signs, a monument reading The Walton and a wall sign reading The Walton Loop 12, went in on February 19. The pool permit, filed March 16, covers 1,776 square feet and 41,450 gallons at $133,928.50. The stone and mortar retaining walls, up to 25 feet tall and $177,000, filed August 21, 2025, are in inspection; the City flagged them the same day for the Board of Adjustment because they sit in a setback. The four water and fire service connections filed April 22, 2026 are complete, the two 6-inch wastewater laterals filed that day remain in inspection, and the permit for earthwork on the Walton Walker turn lane and approach, filed April 8, expired May 23.
The site plan, filed for review August 30, 2024, is complete; the paving and drainage permit filed July 30, 2024 is in inspection, and the water and wastewater engineering plans filed July 18, 2024 are ready to issue. The certificate of occupancy, for all 379,442 square feet, is in inspection and has not issued. Each phase permit closes only after the fire alarm and fire sprinkler permits are complete, and both are still in inspection. Two filings remain open: the master building permit sits at Revisions Required, and a change of scope filed June 4, 2026 is at Document Received. A change of scope for minor architectural, structural and MEP revisions, filed July 30, was approved, and a second set of 22 phase permits filed July 27 was withdrawn, so the August 2024 phases remain the live permits.
Closed 7/17/26
TDHCA Subordinate Loan | Closed
The Walton at Loop 12, previously The Ridge at Loop 12, is closed and under construction. LDG Development, the Louisville developer led by co-owner and CEO Chris Dischinger, closed the land, the ground lease and $61,914,000 of TDHCA bonds on May 29, 2025. On July 17, 2026, three days after the Dallas Housing Finance Corporation board's vote, it closed the last piece: a $10,000,000 subordinate loan from TDHCA's Tax Credit Assistance Program (TCAP) repayment funds. The DHFC owns the 15.421-acre tract on the Loop 12 frontage road, leases it to LDG's partnership for 99 years and sits in that partnership's general partner seat; LDG holds the special limited partner interest.
Three sets of rent limits now bind the land: TDHCA's bond rules (at least 40% of units at or below 60% of area median income, every unit at or below 140%), the TCAP loan's (52 floating units for 30 years, 41 at 60% and 11 at 50%, plus 50 HOME match units at 80% and six at 60%) and the City's density-bonus covenant (5% of units at 61% to 80% of area median family income or for voucher holders, for 20 years, deeper than the 81% to 100% in Council's 2024 motion). The tax credit limits are still to come; the agreed plan puts 11 units at 50%, 278 at 60% and 11 at 70%, an average of 60% of AMI across all 300.
U/ Finance
FROM APPLICATION TO CLOSING
Role | 2023 TDHCA Application | At Closing |
|---|---|---|
Senior debt | Redstone: $50,000,000 construction, $43,934,000 permanent | $61,914,000 TDHCA bonds bought by NewPoint Impact Fund I; permanent note up to $36,727,500 |
Tax credit equity | R4: $36,893,081, credits at $0.92 | Enterprise's Wincopin Circle LLLP |
Subordinate debt | — | TDHCA TCAP loan: $10,000,000 |
Construction | $60,205,026 construction contract | Moss & Associates: $58,018,538 guaranteed maximum price |
The two tax-exempt series match the $50,000,000 of TDHCA volume LDG sought in 2023; the $11,914,000 taxable series is new. The permanent loan shrank by $7,206,500, with the $10,000,000 TCAP loan, awarded in 2024, sitting behind it. The equity moved from R4 to Enterprise at an undisclosed price. In 2023 LDG put the development at $89,777,607, or $299,259 a unit.
THE PUBLIC PARTNER'S TERMS
The Dallas Housing Finance Corporation's take, set in November 2024: 25% of the development fee, paid only as LDG is paid; a $50,000 administration fee rising 3% a year; 40% of cash flow from Year 16 and of any sale or refinance proceeds; and 25% of the sales tax savings, estimated at $642,000. It also holds a right of first refusal at Year 15 and a fair-market purchase option. At the May 2025 closing it collected a $378,378 developer fee and $319,000 in prepaid general contractor fees.
U/ Product
Unit Type | Units | Share |
|---|---|---|
One-bedroom | 36 | 12.0% |
Two-bedroom | 117 | 39.0% |
Three-bedroom | 135 | 45.0% |
Four-bedroom | 12 | 4.0% |
Total | 300 | 100% |
Moss & Associates is building six three-story, wood-frame garden buildings with a clubhouse, pool house, dog park, about 453 surface parking spaces and 16 detached garages and carports. The mix puts 88.0% of the units at two bedrooms or more, exactly the zoning's floor, and 49.0% at three or more against a 44% minimum.
Dallas Housing Finance Corporation (DHFC) 7/14/26
TCAP Loan Documents: Subordinate TDHCA Loan up to $10,000,000 | Approved
Treasurer Jack Marshallsea presided. General Manager Aaron Eaquinto called the TCAP loan paperwork on a property already closed and under construction, held up only by how long TDHCA had taken.
‟So we have already closed on this property. It's under construction and this was contemplated as part of the original financing." ... "So this is kind of a procedural approval that we need to finalize those documents.
The resolution authorizes up to $10,000,000 "to partially finance the construction of the Development." With no questions, Director Ryan Moore moved approval, Marshallsea seconded, and the board approved unanimously by voice vote, with Secretary Anthony Page absent.
You saved: 1h 45m
City Council 11/12/25
PD-1113 Amendment: Design Standards | Approved
Council adopted the design amendment unanimously on November 12, 2025, on consent and with no speakers, exactly as the City Plan Commission had recommended: the units facing Walton Walker are freed from the street-frontage and individual-entry rules, and the bioswale requirement stays, now defined.
You saved: 14h 13m
City Plan Commission 10/9/25
PD 1113 → PD 1113 (Amended) | Approved
The owner, represented by Rob Baldwin of Baldwin Associates, asked in August 2025 to free the units facing Walton Walker from the street-frontage and individual-entry rules, citing unforeseen engineering and design constraints. Staff backed it: the rules touch only the units on the Loop 12 frontage road, which has no sidewalks and is not expected to become a pedestrian corridor. Staff also proposed dropping the bioswale requirement, because city code does not define a bioswale.
The City Plan Commission heard the amendment on its own on October 9, 2025. Baldwin was the only speaker, and none of the 134 property owners notified replied. Commissioner Carpenter's motion, seconded by Commissioner Housewright, recommended approval 10-0 but kept the bioswale requirement and wrote in a definition: "a vegetated, shallow, landscaped channel designed to collect, convey, filter, and infiltrate stormwater runoff from impervious surfaces."
You saved: 5h 55m
Closed 5/29/25
Land, Ground Lease and Bond Financing | Closed
On May 29, 2025 the Dallas Housing Finance Corporation took the land and brought LDG in as its tenant. Phillip Dean England's P.D. England, Ltd. sold the tract to the DHFC's landowner company, which leased it to LDG's partnership for 99 years, with the DHFC's GP company as general partner. NewPoint Impact Fund I bought TDHCA's bonds, BOKF serves as trustee, and Moss & Associates builds under the DHFC's contractor company, which spares building materials the state sales tax. The zoning covered 16.421 acres; the closing conveyed 15.421.
Dallas Housing Finance Corporation (DHFC) 1/14/25
Final Approval: Contractor Company, Partnership Resolutions and Ground Lease | Approved
The Dallas Housing Finance Corporation board gave The Walton at Loop 12 its final approval unanimously on January 14, 2025, with closing then set for March. The board created its contractor company, approved the ground lease and signed off on financing through TDHCA's bonds rather than its own, with Wincopin Circle LLLP as the equity. That put the DHFC in three seats: general partner, ground lessor and general contractor.
Dallas Housing Finance Corporation (DHFC) 11/12/24
Memorandum of Understanding | Approved
On November 12, 2024 the Dallas Housing Finance Corporation board signed its MOU with LDG and took over the general partner company. Director David Ellis asked about the site work and the building type.
‟And it costs $300,000 in site work. Okay, yeah... This is garden style, right?
Director Oliver Robinson asked whether the zoning plan limited the Tillery Avenue access to emergencies. The board also got a primer on the $10 million TCAP loan: the program was born after the 2008 crash, when credits fell to "$0.50 for tax credits," and it demands annual payments on a 40-year amortization matched to NewPoint's senior debt.
You saved: 2h 5m
Dallas Housing Finance Corporation (DHFC) 8/27/24
Participation in the Financing, Development and Ownership | Approved
On August 27, 2024 the Dallas Housing Finance Corporation board agreed to join the deal, with TDHCA, not the DHFC, issuing the bonds. Jake Brown, LDG's development manager, said he files for both on purpose.
‟I'm pretty open that anytime we request a bond inducement from you guys, 9 times out of 10 I'm probably going to have TDHCA do a bond inducement too." ... "The bonds are at a premium, they're oversubscribed every year, hard to get, so if I can double the chances of getting a reservation, I'm going that route.
TDHCA's $50 million carry-forward reservation gave LDG until December 31, 2026 to close; "I do not intend to take that long at all," Brown said. Secretary Anthony Page praised the site design.
‟I think it's great, the circulation, the connectivity.
Brown said no one opposed the site.
‟This is probably the first site of my career where we've had no community pushback. We had a community meeting at the Arcadia Park library, and we even had - it's predominantly Hispanic Community there at Arcadia Park - and had English to Spanish translator, and nobody showed up, no opposition.
City Council 6/26/24
R-7.5(A) → PD-1113 (MF-2(A) Multifamily Uses) | Approved
Council approved the rezoning unanimously on June 26, 2024 with no one from the public speaking; of 134 notices mailed, one came back in favor and eight opposed. Omar Narvaez, then the District 6 Council Member, moved approval and tied the zoning bonuses to 5% of units at 81% to 100% of area median family income and at least 88% of units with two or more bedrooms. The freeway site, he said, suits neither single-family homes nor industrial or commercial use.
‟This complex, which will have about a maximum of 300 units, will be along the freeway. It will not have any ingress or egress into the neighborhood behind it." ... "This will be a 100% workforce housing which is the first time I've hit 100% workforce housing.
He described 4% of the units at 50% of AMI, 92% at 60% and 4% at 70%, a dog park the district's far western end lacks, a protected wetland between the homes and a trucking yard, and an end to years of 18-wheeler parking on the land.
‟I'm excited to see this eventually go up because this is really going to help a lot of families be able to stay together, but also live close to where there's a lot of available places to work.
Council Member Zarin D. Gracey, whose district borders the site, backed it.
‟Arcadia Park is right next door to district three." ... "This type of development in that area is ... wonderful. And what it's replacing is even more wonderful.
You saved: 9h 34m
City Plan Commission 5/2/24
Planned Development District for MF-2(A) Uses on R-7.5(A) | Approved
The City Plan Commission recommended the rezoning 15-0 on May 2, 2024, on Commissioner Carpenter's motion, seconded by Commissioner Blair, and added its own conditions: a 1.4-space parking minimum, a walking trail, a landscape buffer along Walton Walker and, for a tax credit development, a floor of 88% two-bedroom-or-larger units. Rob Baldwin of Baldwin Associates and Jake Brown of LDG spoke for it.
You saved: 14h 23m
City Council 5/24/23
4% Housing Tax Credit Resolution of No Objection | Approved
Council's first vote on the project came on May 24, 2023, when LDG's application to TDHCA for 4% housing tax credits needed the City's Resolution of No Objection. Jake Brown of LDG was the only speaker. He told Council that the resolution's reference to the one-mile, three-year rule, and to Meadowbrook Apartments in southeast Dallas, had been copied from the previous item and did not apply.
Council Member Cara Mendelsohn objected to adding more low-income housing where it is already concentrated.
‟I have some heartburn about concentrating low income housing in places that we already have low income housing." ... "And here we are building again in the same spots.
Council Member Chad West answered that the City also weighs where rising values threaten affordability. Omar Narvaez, then the District 6 Council Member, said Arcadia Park, a neighborhood Districts 1 and 6 share, is losing its affordable homes to larger new houses.
‟The affordability is shifting and changing very quickly in this neighborhood as well." ... "We've got to try to help balance out that affordability as it's quickly changing in the Arcadia park neighborhood.
Narvaez moved to close the hearing and adopt the resolution with the two acknowledgments the state requires where tax credit units already exceed 20% of a census tract's households, and Council adopted it unanimously.
You saved: 6h 2m
Developer/Owner: LDG Development
Chris Dischinger (Co-Owner and Chief Executive Officer) Phone: (502) 638-0534 Email: [email protected] LinkedIn
Justin Hartz (Co-Chief Development Officer) Phone: (502) 931-5795 Email: [email protected] LinkedIn
Jake Brown (Development Director) Phone: (502) 638-0534 Email: [email protected] LinkedIn
Capital Partners:
Texas Department of Housing and Community Affairs (Bond Issuer and TCAP Lender), Teresa Morales (Director of Multifamily Bonds) Phone: (512) 475-3344 Email: [email protected] LinkedIn
NewPoint Impact Fund I (Bond Purchaser and Senior Lender), Robert A. Wrzosek (President, Affordable Strategies) Phone: (917) 730-7273 Email: [email protected]
Enterprise Housing Credit Investments (Tax Credit Investor, through Wincopin Circle LLLP), Shaun Donovan (Chief Executive Officer, Enterprise Community Partners) Phone: (410) 772-5230 Email: [email protected]
BOKF (Bond Trustee), Rosalyn Davis (Vice President) Phone: (713) 289-5829 Email: [email protected]
R4 Capital (Initially Listed Tax Credit Investor, 2023 TDHCA Application), Marc Schnitzer (President and Chief Executive Officer) Phone: (646) 576-7659 Email: [email protected] LinkedIn, Jay Segel (Managing Director) Phone: (617) 502-5946 Email: [email protected] LinkedIn
Red Stone Equity Partners (Initially Listed Senior Lender as "Redstone", 2023 TDHCA Application), Matt Grosz (Managing Director, Acquisitions) Phone: (646) 690-6110 Email: [email protected] LinkedIn
Public Partner: Dallas Housing Finance Corporation (GP, Landowner and Ground Lessor)
Aaron Eaquinto (General Manager) Phone: (469) 799-2670 Email: [email protected] LinkedIn
Jaclyn Schroeder (Assistant General Manager) Phone: (682) 456-6839 Email: [email protected] LinkedIn
Representatives:
Bracewell (Bond Counsel to the DHFC), George Rodriguez (Senior Counsel) Phone: (214) 758-1069 Email: [email protected] LinkedIn
Chapman and Cutler (Counsel to the DHFC), Ryan J. Bowen (Partner) Phone: (312) 845-3277 Email: [email protected] LinkedIn
Hilltop Securities (Financial Advisor to the DHFC), Tim Nelson (Senior Managing Director) Phone: (512) 768-4055 Email: [email protected] LinkedIn
Baldwin Associates (Zoning Consultant), Rob Baldwin (Zoning Consultant) Phone: (214) 824-7949 Email: [email protected]
Memorandum of Understanding (MOU): The Walton at Loop 12 MOU
Project Plans: The Walton at Loop 12 Plans
Staff Report: The Walton at Loop 12
Pro Forma: The Walton at Loop 12 Pro Forma
Deal Tracker: The Walton at Loop 12 Deal Tracker
Deal Scan: The Walton at Loop 12 Deal Scan
Presentation: The Walton at Loop 12 Presentation
DHFC Resolution: The Walton at Loop 12 TCAP Loan Resolution
Closing Documents: The Walton at Loop 12 Recorded Closing Docs
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