Public Facility Corporations
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…
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…
The Standard Shoreline multifamily project attracted a lot of attention back in 2022 when it became one of the first proposals to be approved under the Dallas Public Facility Corporation financing structure. Residents in East Dallas’ Lochwood Neighborhood Association raised concerns about what they called a 75-year tax break. They were worried that the 60-foot…
A Child Poverty Action Lab report released in July identified trouble brewing in the Dallas rental market, but you wouldn’t know it by the number of apartment projects approved on an almost-weekly basis by the Dallas City Council. The CPAL report issued the following findings: Public Facility Corporation Projects Three projects were approved Wednesday under…
Just days after the Child Poverty Action Lab released a report revealing a massive shortage in affordable apartments, 279 housing units were approved under the city’s Public Facility Corporation financing structure. Savoy Equity Partners will develop the mixed-income multifamily Bishop Ridge development at 624 and 627 North Lancaster Ave., 405 North Ewing Ave., and 303…
