Good Homes Dallas Mixed-Income Housing (26-506A)
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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]
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Pull Dallas Public Facility Corporation board minutes to find vote date
Why now: The February 3, 2026 Committee on Finance agenda describes a 'proposed' DPFC authorization at 6950 North Stemmons Freeway, indicating no board vote had occurred as of that date, but four months of subsequent inactivity on the public council record suggests the board may have acted outside that record.
What to do: Request DPFC board minutes from December 2025 through the present to determine whether the board has already authorized the Good Homes Dallas lease separately from the February 3 committee briefing — if the board voted before that date and no public notice reached potential opponents, the Texas Local Government Code Chapter 303 45-day challenge window may have already run. If the board has not yet voted, income-restriction covenants and compliance triggers remain negotiable.
Act before: After Dallas Public Facility Corporation board formally votes on Good Homes Dallas lease
Request fiscal formula behind $16.8M North Stemmons housing revenue estimate
Why now: The $16,837,803 figure appeared as the sole disclosed financial amount in the February 3, 2026 Committee on Finance agenda for the Good Homes Dallas DPFC lease, with no discount rate, inflation assumption, or aggregation method identified.
What to do: File a public information request for the staff fiscal note supporting the $16,837,803 foregone-revenue figure, asking specifically whether it uses a net present value calculation discounted over 75 years or a simple undiscounted sum — the two approaches could differ by tens of millions of dollars in the city's actual exposure, and the February 3 agenda discloses no methodology. Also request any internal staff correspondence about why no council vote has been scheduled in the four months since the committee briefing.
Act before: After public information request response (typically 10 business days)
Contact Finance Committee chair about stalled North Stemmons housing deal
Why now: The Good Homes Dallas DPFC authorization was briefed to the Committee on Finance on February 3, 2026, and has not appeared on any subsequent council or committee agenda as of June 2026, with no next procedural step disclosed in the public record.
What to do: Reach out directly to the Committee on Finance chair and the council member for the district containing 6950 North Stemmons Freeway to find out whether the Good Homes Dallas authorization is on staff hold, pending a financing condition, or waiting for a council calendar slot — whoever controls that hold controls the remaining lease terms, and four months of silence on a $16.8M foregone-revenue deal means there is a specific gatekeeper and a specific reason. Getting in front of them now is the only way to shape income-restriction or compliance conditions before the item reaches a binding vote.
Act before: After city council votes on Good Homes Dallas authorization
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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]