Good Homes Dallas at North Stemmons Freeway (25-2955A)
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Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Good Homes Dallas, a mixed-income, multifamily development to be located at 6950 North Stemmons Freeway, Dallas Texas 75247 (Project); and (2) enter into a seventy-five-year lease agreement with Good Homes Communities, LLC or its affiliate, for the development of the Project - Estimated Revenue Forgone: General Fund: $16,837,803.00 (see Fiscal Information) *In alignment with Dallas Housing Policy 2033.
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Actions
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Obtain the draft seventy-five-year lease for Good Homes Dallas
Applies if: Advising a party affected by or negotiating with the project
Context: The 2025-11-12 City Council item authorizes the corporation to acquire and own the project and to enter a seventy-five-year lease with Good Homes Communities, LLC 'or its affiliate', and the item was deferred.
Recommended: Get the draft lease and authorizing resolution between the Dallas Public Facility Corporation and Good Homes Communities, LLC or its affiliate. Identify which terms and conditions were presented to Council before it deferred the item, and ask whether the affiliate language leaves the actual lessee undetermined.
Request fiscal information behind Good Homes Dallas lease deferral
Applies if: Reporting on the cost or deferral of the project
Context: The 2025-11-12 City Council item lists an estimated General Fund revenue forgone figure of $16,837,803.00 over a seventy-five-year lease at 6950 North Stemmons Freeway, and the record shows only a deferral with no stated reason.
Recommended: Request the Fiscal Information section and any briefing materials for the Good Homes Dallas public facility corporation lease. Ask how the General Fund revenue forgone estimate was calculated and why the item was deferred rather than decided.
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Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Good Homes Dallas, a mixed-income, multifamily development to be located at 6950 North Stemmons Freeway, Dallas Texas 75247 (Project); and (2) enter into a seventy-five-year lease agreement with Good Homes Communities, LLC or its affiliate, for the development of the Project - Estimated Revenue Forgone: General Fund: $16,837,803.00 (see Fiscal Information) *In alignment with Dallas Housing Policy 2033.