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 Public Facility Corporation minutes for North Stemmons housing vote
Why now: The $16,837,803 foregone-revenue figure surfaced only in a Committee on Finance briefing on February 3, 2026, not a recorded council vote, meaning the binding PFC board action could have occurred earlier and already be time-barred.
What to do: Request Dallas Public Facility Corporation board minutes from December 2025 to the present to pin down when the board actually authorized the Good Homes Dallas lease. If that vote predates the February 3 committee briefing, the Chapter 303 forty-five-day challenge window has already closed, cutting off any challenge to the income-restriction covenants.
Act before: After statutory 45-day challenge period expires
Request underwriting file behind North Stemmons housing tax exemption
Why now: The lease at 6950 North Stemmons Freeway routes the full $16,837,803 in general fund revenue through a Chapter 303 Public Facility Corporation exemption, and the underlying affordability terms were not disclosed in the February 3 briefing.
What to do: Request the Public Facility Corporation's underwriting file to see what affordability set-aside justified the full property-tax exemption on the 75-year Good Homes Dallas lease. If the set-aside matches the Chapter 303 statutory minimum, this structure is a replicable template for other Dallas sites; if it exceeds the minimum, it signals the city is now demanding deeper affordability than state law requires for future PFC deals.
Act before: After underwriting file is obtained or matter reaches a council vote
Request fiscal note behind North Stemmons housing's $16.8 million estimate
Why now: The matter record shows only the single February 3, 2026 Committee on Finance briefing on file 26-506A, with no subsequent council action through July 2026.
What to do: File a public information request for the staff fiscal note behind the $16,837,803 foregone-revenue estimate, asking whether it's a net present value figure discounted over 75 years or a simple undiscounted sum — the two methods can differ by tens of millions of dollars. Also request internal correspondence explaining why no council vote has reached the agenda in the five-plus months since the February 3 briefing.
Act before: After records request response (typically 10 business days)
Contact Finance Committee chair about stalled North Stemmons housing deal
Why now: The item disclosed $16,837,803 in foregone general fund revenue at the February 3, 2026 committee briefing but shows no subsequent council agenda appearance in the record.
What to do: Reach out to the Committee on Finance chair and the council member for the district containing 6950 North Stemmons Freeway to learn why the Good Homes Dallas authorization hasn't reached a full council vote five months after the February 3 briefing. Whoever is holding the item — staff, financing, or calendar — also controls whether the income-restriction covenants can still be negotiated before a binding vote.
Act before: After next hearing on this item
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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]