Public Facility Corporations
Over the objection of District 12 Councilwoman Cara Mendelsohn, the Dallas City Council recently approved a $1.85 million economic development grant to assist with the “extraordinary cost” of required off-site wastewater infrastructure improvements at a mixed-use development in The Cedars. Councilman Jesse Moreno, who represents the area, said housing is needed in the rapidly growing…
A briefing on Public Facility Corporation housing projects — what they are and what merit they bring to Dallas — is tentatively slated for June, and affordable housing developers are already building a case to support what they say is a valuable and necessary funding mechanism for missing middle housing. Larkspur Capital development associate Cole…
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…
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…
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. …
