Housing Finance Tax Reporting and Impacts (26-382A)
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Financial Reporting Relating to the Housing Finance Corporation and the Public Facility Corporation, and Tax Impacts as of December 31, 2025 [Aaron Eaquinto, General Manager, Dallas Housing Finance Corporation]
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Audit North Stemmons housing lease public notice compliance
Why now: Both Committee on Finance appearances — January 26 and February 3, 2026 — were listed as Draft-status briefing items with no recorded formal action, and no public-facing financial disclosure on the Good Homes Dallas lease at 6950 North Stemmons Freeway has been published.
What to do: Verify whether the Dallas Public Facility Corporation has satisfied Texas statutory public notice requirements before executing the 75-year lease with Good Homes Communities, LLC — two Committee on Finance briefings in Draft status do not constitute a public hearing, and the $16,837,803 foregone-revenue figure triggers disclosure obligations under Texas property tax exemption law that may not yet have been met.
Act before: After full Council votes on lease authorization
Pull Good Homes Dallas briefing materials before lease structure locks
Why now: The Committee on Finance reviewed this item on January 26 and February 3, 2026, without taking action both times, meaning the financial model behind the $16,837,803 foregone-revenue figure has not been locked and is still subject to change.
What to do: The financial terms of the 75-year Dallas Public Facility Corporation lease with Good Homes Communities, LLC at 6950 North Stemmons Freeway are still in draft — request the Committee briefing materials now to examine the affordability covenant structure, income-targeting requirements, and equity model before the deal is finalized at Council and sets a binding precedent for this vehicle.
Act before: After Council authorizes the lease
Request Good Homes Dallas financial model before Council vote
Why now: The Committee on Finance was briefed on January 26 and February 3, 2026, both in Draft status, and the specific $16.8 million foregone-revenue figure appeared in agenda materials without any published model or cost-benefit disclosure.
What to do: File a Texas Public Information Act request for the financial model and cost-benefit analysis underlying the $16,837,803 foregone-revenue figure for the North Stemmons development — the Committee received this figure in two closed-record briefings without releasing the supporting analysis, and filing now gives you a realistic shot at receiving records before the matter advances to a full Council vote.
Act before: After records request response (typically 10 business days)
Map Finance Committee concerns on North Stemmons lease before third appearance
Why now: The Good Homes Dallas lease at 6950 North Stemmons Freeway appeared before the Finance Committee on January 26 and February 3, 2026, with no action taken at either session, an observable pattern that indicates active Committee-level resistance.
What to do: Two consecutive briefings without a vote is a signal that at least one Finance Committee member has unresolved objections — review both briefing records to identify who questioned the $16.8 million foregone-revenue figure or the 75-year lease term, then engage those members directly before a third briefing or Committee referral closes the window to reshape the deal's structure.
Act before: After matter is referred from Committee to full Council
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Financial Reporting Relating to the Housing Finance Corporation and the Public Facility Corporation, and Tax Impacts as of December 31, 2025 [Aaron Eaquinto, General Manager, Dallas Housing Finance Corporation]
Financial Reporting Relating to the Housing Finance Corporation and the Public Facility Corporation, and Tax Impacts as of December 31, 2025 [Aaron Eaquinto, General Manager, Dallas Housing Finance Corporation]