Monthly Procurement Accountability Report (26-390A)

Context: After two Finance Committee briefings on January 26 and February 3, 2026, the lease remains in Draft status with no committee action, a pattern consistent with unresolved legal or structural deficiencies in the exemption structure.

Recommended: Pull the draft lease between the Dallas Public Facility Corporation and Good Homes Communities LLC and verify that the occupancy ratios and area median income restrictions satisfy Texas Tax Code Chapter 303 for a full property tax exemption — if the affordability structure falls short of statutory minimums, the $16.8 million revenue-foregone figure is overstated and the exemption could face partial recapture or forced renegotiation before Council approval.

Context: The lease is still in Draft status after two Finance Committee appearances on January 26 and February 3, 2026, meaning the terms remain in negotiation and accessible for review before they solidify into a precedent.

Recommended: Request the draft lease between the Dallas Public Facility Corporation and Good Homes Communities LLC at 6950 North Stemmons Freeway to identify the specific occupancy ratios and area median income thresholds the corporation is requiring — once the Finance Committee recommends this lease, those parameters will likely function as the internal benchmark for future Chapter 303 mixed-income deals in Dallas, and your pro forma for a similar structure should account for them before you approach the corporation.

Context: The matter appeared before the Committee on Finance on both January 26 and February 3, 2026, each time in Draft status with no committee action, yet no staff explanation, continuance motion, or LLC disclosure has entered the public record.

Recommended: File a public records request for the draft Dallas Public Facility Corporation lease with Good Homes Communities LLC, all internal city communications about 6950 North Stemmons Freeway since January 2026, and Good Homes Communities LLC's organizational documents — after two Draft-status Finance Committee appearances with no action taken, neither the cause of the delay nor the equity holders behind the LLC have appeared in the public record for a $16.8 million tax exemption.

Context: After two Draft-status Finance Committee appearances on January 26 and February 3, 2026, no recommendation has been issued, confirming the affordability terms remain open for advocacy before they lock.

Recommended: Contact Finance Committee members now to advocate for specific affordability thresholds, area median income targeting levels, and compliance monitoring provisions in the Good Homes Communities lease — the matter has cleared two Draft-status briefings without committee action, meaning the terms are still negotiable, but once the committee issues a recommendation to full Council that window closes sharply.

Context: The $16.8 million in foregone tax revenue is calculated against a 75-year lease, but no affordability tier breakdown or deed-restriction confirmation has appeared in any public filing after the January 26 and February 3, 2026 Finance Committee briefings.

Recommended: Submit written comment to the Committee on Finance asking what percentage of units at 6950 North Stemmons Freeway will be restricted by income level, at which area median income thresholds (30%, 60%, 80%), and whether those restrictions are recorded against the deed for the full 75-year lease term — these specifics are absent from the public record after two hearings, and once the committee recommends the lease to full Council the affordability terms become much harder to change.