Monthly Budget Accountability Report (26-385A)

Context: After appearing on Committee on Finance agendas on both January 26 and February 3, 2026, the item remains in Draft status, indicating the authorization chain for a transaction forfeiting $16,837,803 in general fund revenue has not reached a council vote.

Recommended: Confirm that the Dallas Public Facility Corporation's proposed 75-year lease with Good Homes Communities, LLC at 6950 North Stemmons Freeway has cleared all required statutory approvals under Texas law governing public facility corporations — including full City Council authorization — before any closing documents are executed.

Applies if: You are developing or financing mixed-income housing in Dallas

Context: After two Committee on Finance briefings (January 26 and February 3, 2026), the transaction remains in Draft status, meaning the structure is still under committee review and deal terms may not yet be finalized.

Recommended: If you are pursuing mixed-income or affordable housing in Dallas, the Good Homes Dallas project at 6950 North Stemmons Freeway demonstrates how a Dallas Public Facility Corporation ground lease can eliminate property tax liability for the full lease term — review the emerging deal terms as a financing model or to assess how it affects land values and comparable projects along the Stemmons corridor.

Context: The Committee on Finance reviewed this transaction at both its January 26 and February 3, 2026 sessions with all items still in Draft status, yet $16,837,803 in foregone general fund revenue was disclosed without any comparative financial analysis visible in the agenda record.

Recommended: File an open-records request for the full lease agreement between the Dallas Public Facility Corporation and Good Homes Communities, LLC, plus corporate ownership records for Good Homes Communities — the proposed 75-year lease at 6950 North Stemmons Freeway would forfeit $16.8M in city property tax revenue, and it was the only item among 15 on the agenda with any disclosed dollar figure.