Public Facility Corporations
In between debates over school vouchers and immigration policies, the Texas Legislature could address this session a little-known but potentially dangerous initiative of “traveling Housing Finance Corporation projects” that experts say could erode the Dallas tax base while undermining the integrity of the HFC programs that have delivered thousands of affordable housing units locally. The…
Dallas leaders agree that two corporations responsible for financing affordable housing need diligent oversight. But a City Council Housing Committee majority agreed last week that instead of pausing the programs, projects should move forward while bylaw revisions are made. Public Facility Corporations (PFCs) and Housing Financing Corporations (HFCs) like the ones discussed at last week’s…
Following a debate we’ve all heard before over the merits of Public Facility Corporation Projects, the Dallas City Council authorized Mintwood Real Estate to proceed with a second phase of the Oakhouse mixed-income, multifamily development at 909 East Colorado Blvd. The council action on Wednesday authorizes the Dallas PFC to “acquire, develop, and own the…
Editor’s Note: This story was updated Aug. 29 to include a statement from Child Poverty Action Lab Chief of Housing Ashley Flores. If District 1 Dallas City Councilman Chad West was hoping for full support of Public Facility Corporation projects as a mechanism for providing much-needed multifamily workforce housing, he is probably disappointed. Several months…
A long-awaited briefing on Public Facility Corporation projects is scheduled Monday at 9 a.m. before the Dallas City Council’s Housing and Homeless Solutions Committee. The presentation has been postponed several times leaving many in the dark about whether the mixed-income housing projects add value to city coffers and housing stock. “Months ago, I asked staff…
