Public Facility Corporations
Four housing developments were approved this week under the Public Facility Corporation financing structure, lauded by Dallas City Council members as a mechanism for providing affordable homes for the city’s workforce. “Is there any other way we’re getting affordable housing? Are developers building it for free?” District 1 Councilman Chad West asked. Assistant Director of…
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It seems most everyone supports the idea of affordable housing, and more housing in general — although there’s always going to be an argument about where it should go and what it should look like. But are public facility corporations the answer to Dallas’ affordable housing crisis? Dallas has embarked on the relatively new public…
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“We don’t talk about project financing” was the drumbeat of often-heated discussions during a nine-month-long zoning process, but the topic of a 75-year tax exemption is now on the table as The Standard Shoreline proposal is slated for a Dallas City Council vote next month. The City Plan Commission approved Ojala Holdings’ rezoning request on…
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