City of Lake Jackson City Council Minutes April 6 2026
City backs IBX bonds for Palms redevelopment
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Description
The City of Lake Jackson approved a Resolution of No Objection supporting IBX Real Estate Partners’ use of federal bonds and housing tax credits to redevelop The Palms Apartments. The action enables IBX to pursue Texas Department of Housing and Community Affairs financing while keeping the property on the ad valorem tax rolls.
Contract Details
Vendor
IBX REAL ESTATE PARTNERS
Agency
City of Lake Jackson, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 6, 2026
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