Good Homes Dallas Mixed-Income Housing (26-506A)
View full legal title
Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Good Homes Dallas, a mixed-income, multifamily development to be located at 6950 North Stemmons Freeway, Dallas Texas 75247 (Project); and (2) enter into a seventy-five-year lease agreement with Good Homes Communities, LLC or its affiliate, for the development of the Project - Estimated Revenue Foregone: General Fund: $16,837,803.00 (see Fiscal Information) (This item was deferred on November 12, 2025) In alignment with Dallas Housing Policy 2023 [Office of Housing and Community Empowerment]
Get notified on new hearings, votes, or status changes for this matter.
Actions
Showing all 4 actions. Filter by: , , , .
Verify DPFC authorization satisfies Texas statute before lease is signed
Why now: The Feb 3 briefing disclosed a 75-year lease with $16,837,803 in foregone general fund revenue for Good Homes Communities, LLC — a structure Texas courts have scrutinized in mixed-income DPFC deals where private developers capture the tax exemption benefit.
What to do: Pull the DPFC board resolution authorizing the Good Homes Dallas lease and confirm it includes income-restriction covenants and compliance reporting triggers required under Texas Local Government Code Chapter 303 — if those terms are absent or deficient, a taxpayer or competing developer has a statutory basis to challenge before the lease is executed. The challenge window runs from the date of DPFC board action, not the full council vote.
Act before: After DPFC lease is executed
Pull DPFC lease terms for North Stemmons mixed-income housing deal
Why now: The Feb 3, 2026 Committee on Finance briefing identified this as the only agenda item with a disclosed financial figure, making it an unusually transparent data point for benchmarking DPFC deal terms in Dallas.
What to do: Request the Dallas Public Facility Corporation authorization documents for 6950 North Stemmons Freeway to map what the city accepted — a 75-year term with $16.8M in foregone revenue is one of the most detailed DPFC deal benchmarks currently on Dallas's public calendar, and it sets a concrete ceiling for what the city will approve on comparable mixed-income sites. If you're structuring a similar project, these terms define the income thresholds and lease conditions Dallas has already accepted.
Act before: After DPFC authorization is formally adopted and lease executed
Request fiscal methodology behind $16.8M North Stemmons revenue estimate
Why now: The Feb 3, 2026 Committee on Finance agenda listed this as the sole item with a disclosed dollar amount but provided no underlying methodology, making independent verification of the 75-year projection impossible from the public record alone.
What to do: File a public information request for the staff fiscal note and DPFC financial analysis underlying the $16,837,803 foregone-revenue figure — the calculation method for a 75-year estimate was not disclosed in the Feb 3 agenda packet, and any assumptions about income-threshold compliance rates or early lease buyout scenarios would materially change that number. Ask specifically whether the note models what happens to the city's revenue exposure if income restrictions lapse before the lease term ends.
Act before: After public information request response (typically 10 business days)
Contact Finance Committee chair before full council DPFC vote
Why now: As of the Feb 3, 2026 Committee on Finance briefing, the next procedural step is listed as unknown, meaning the item has not yet been calendared for a full council vote and the terms remain open.
What to do: Reach out now to the Committee on Finance chair to confirm the Good Homes Dallas DPFC authorization's position on the council calendar and whether any conditions were attached during the Feb 3 briefing — this is the last window to negotiate lease covenants, income thresholds, or compliance reporting requirements before the item advances to a binding council vote. Once the council votes, terms in the DPFC lease are fixed for 75 years.
Act before: After item is placed on full council agenda
Key Entities
View relationship map
Loading relationship map…
Timeline
Authorize the Dallas Public Facility Corporation to (1) acquire, develop, and own Good Homes Dallas, a mixed-income, multifamily development to be located at 6950 North Stemmons Freeway, Dallas Texas 75247 (Project); and (2) enter into a seventy-five-year lease agreement with Good Homes Communities, LLC or its affiliate, for the development of the Project - Estimated Revenue Foregone: General Fund: $16,837,803.00 (see Fiscal Information) (This item was deferred on November 12, 2025) In alignment with Dallas Housing Policy 2023 [Office of Housing and Community Empowerment]