Monthly Procurement Accountability Report (26-390A)

Context: Two Committee on Finance briefings (January 26 and February 3, 2026) flagged $16,837,803 in foregone revenue under this structure, and the matter has remained in Draft status across both sessions, consistent with unresolved structural or legal questions.

Recommended: If you advise on Texas public-private affordable housing finance, review whether the proposed 75-year Dallas Public Facility Corporation lease with Good Homes Communities at 6950 North Stemmons Freeway satisfies the Texas Tax Code Chapter 303 mixed-income occupancy thresholds that trigger a full property tax exemption — the classification of $16.8 million as foregone general fund revenue suggests a full, not partial, exemption is being claimed.

Context: After two Committee on Finance briefings (January 26 and February 3, 2026) the deal remains in Draft status, indicating the structure is still being negotiated and the model has not yet been locked in.

Recommended: If you develop mixed-income or affordable housing in Dallas, the proposed 75-year lease between the Dallas Public Facility Corporation and Good Homes Communities at 6950 North Stemmons Freeway is worth tracking closely — the lease terms and the $16.8 million property tax exemption it generates may serve as a template for future public-private deals in the city.

Context: The Committee on Finance was briefed twice — January 26 and February 3, 2026 — on a deal projecting $16,837,803 in foregone general fund revenue, yet all 15 agenda items across both sessions remained in Draft status with no public vote recorded.

Recommended: File a public records request for the full Dallas Public Facility Corporation lease agreement and any affordability schedule tied to the Good Homes Communities deal at 6950 North Stemmons Freeway — the central unanswered question is what specific affordability guarantees the city receives in exchange for forgoing $16.8 million in property tax revenue over 75 years.

Context: The Committee on Finance reviewed this deal twice (January 26 and February 3, 2026) without voting, and all items remained in Draft status both times, meaning the affordability terms are still subject to change before the lease is approved.

Recommended: The city is weighing a 75-year lease that would forgo $16.8 million in property tax revenue for a mixed-income apartment development at 6950 North Stemmons Freeway — submit written comment to the Committee on Finance asking what percentage of units must remain affordable, at what income levels, and for how long those commitments are enforceable.