Trinity Basin Mixed-Income Housing (26-259A)

Context: The Council authorized two Dallas Public Facility Corporation mixed-income acquisitions under 75-year leases on February 11, 2026 — each pulled for an individual vote — foregoing a combined $9.42M in General Fund tax revenue and triggering specific statutory disclosure obligations under Texas public facility corporation law.

Recommended: Pull the executed Dallas Public Facility Corporation lease agreements and any associated tax exemption or payment-in-lieu-of-taxes filings to confirm the $9.42M in foregone General Fund revenue is properly documented under Texas Local Government Code Chapter 303.

Context: The Council authorized two Dallas Public Facility Corporation acquisitions under 75-year leases on February 11, 2026, foregoing a combined $9.42M in General Fund tax revenue — establishing a concrete deal-structure precedent for future public facility corporation partnerships.

Recommended: If you are structuring or evaluating affordable housing projects in Dallas, request the executed Dallas Public Facility Corporation acquisition and lease agreements from the two mixed-income multifamily deals approved February 11 to model income-mix requirements, 75-year lease obligations, and the foregone-tax structuring used.

Context: The Cottages at Big Cedar resolution was the sole denial out of nine 9% Competitive Low Income Housing Tax Credit items at the February 11 Dallas City Council meeting, with no publicly available explanation for why this project was treated differently from the eight that were approved.

Recommended: File a public information request for Council member communications, staff scoring memos, and any Texas housing agency correspondence on the Cottages at Big Cedar low-income housing tax credit application — the single denial among nine such resolutions voted on February 11.