Public Facility Corporations
Southern Dallas homeowner Darryl Baker says Dallas is concentrating a lot of tax credit rental projects in the area where he lives, and it’s a misguided approach to an affordable housing crisis that doesn’t exist — at least in that particular area. Similar to Dallas shouldering the burden of housing the homeless for the entire…
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Following a Valentine’s Day Dallas City Council vote to allocate just $26.4 million for housing in the May bond election, advocates admitted they are disappointed but will continue to fight for more options and affordability. The housing allocation is a far cry from the $200 million that members of the Dallas Housing Coalition and Dallas…
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Public Facility Corporation reform laws were approved in this year’s Texas Legislative session, but an affordable housing watchdog group says it falls short. It also grandfathers PFCs approved before the passage of House Bill 2071. The new legislation provides affordability, accountability, and transparency. It also makes headway in curbing abuses and tenant protections, advocates say. …
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A controversial Garland Road apartment complex is moving forward, as officials with the Dallas Public Facility Corporation announced recently they’ve closed on the property. Keith Pomykal, president of the Dallas PFC shared the news with board members in an Oct. 27 email. “This afternoon the DPFC closed on ‘The Hayden,’” Pomykal said in the email. “This…
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The Dallas City Council approved almost 300 new housing units near the Bishop Arts District, and at least half will be affordable. The Dallas City Council on Oct. 25 authorized its Public Facility Corporation to acquire Banyan Flats at 2020 North Beckley Ave. The PFC will enter a 75-year lease agreement with Bishop Arts JV…
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