FY 2026-27 and 2027-28 Biennial Budget (26-392A)
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FY 2026-27 and FY 2027-28 Biennial Budget Development Process [Budget and Management Services]
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Verify lease recapture terms for North Stemmons mixed-income development
Why now: The February 3, 2026 Committee on Finance briefing disclosed the full foregone-revenue figure, but all 15 agenda items — including this lease — remained in Draft status with no vote taken, meaning the terms are still negotiable.
What to do: Request the draft Dallas Public Facility Corporation lease for 6950 North Stemmons Freeway and confirm it contains enforceable income-restriction compliance triggers, cure periods, and recapture provisions. If the lease executes without these, the city has no legal mechanism to claw back the $16,837,803 in foregone tax revenue if affordability conditions are violated at any point over the 75-year term.
Act before: After Dallas Public Facility Corporation lease is executed
Compare your mixed-income site tax exposure to North Stemmons lease precedent
Why now: The matter appeared before Committee on Finance on both January 26 and February 3, 2026 as a briefing item with no vote, confirming the lease structure has not been locked and the financial model has not been publicly tested.
What to do: Pull the financial model underlying the $16,837,803 foregone-revenue figure for the Good Homes Dallas 75-year ground lease at 6950 North Stemmons Freeway and compare it against your comparable mixed-income site's annual tax exposure — if your project qualifies for a Dallas Public Facility Corporation structure, this deal establishes the city's willingness to approve that tax benefit before any competing applications are filed. Request the full lease and model while the matter remains in Draft status and terms are still open.
Act before: After lease is executed and financial terms are locked
Request Good Homes Communities ownership records and North Stemmons lease
Why now: The matter appeared twice before Committee on Finance (January 26 and February 3, 2026) without a vote, leaving the deliberative record open — the window to obtain pre-execution documents narrows once the lease is signed.
What to do: File an open records request for the full Dallas Public Facility Corporation lease for 6950 North Stemmons Freeway, the financial model underlying the $16,837,803 foregone-revenue figure, and any Dallas Public Facility Corporation board resolutions approving the deal — the public record names Good Homes Communities, LLC but does not disclose beneficial ownership, how the 75-year tax figure was calculated, or whether the lease term was competitively solicited. Filing now matters because once the lease executes, the financial model and negotiation documents may be withheld under deliberative-process exemptions.
Act before: After records request response (typically 10 business days)
Submit Dallas biennial budget priorities to Finance Committee before draft locks
Why now: All 15 items on the February 3, 2026 Committee on Finance agenda were briefing items or memoranda in Draft status, confirming the budget remains in deliberative phase with no figures locked.
What to do: Deliver written budget priorities to Committee on Finance members now — neither the January 26 nor February 3, 2026 sessions included a vote, meaning the FY 2026-27 and FY 2027-28 biennial budget has not consolidated and line-item allocations are still shapeable. Once the draft advances to a vote, the window for influencing specific appropriations closes.
Act before: After FY 2026-27 budget advances to a full council vote
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FY 2026-27 and FY 2027-28 Biennial Budget Development Process [Budget and Management Services]
FY 2026-27 and FY 2027-28 Biennial Budget Development Process [Budget and Management Services]