Public Facility Corporations
Prior to a community meeting Saturday morning on the proposed Cypress Creek at Forest Lane Public Facility Corp. apartment project, a developer said to a reporter, “I don’t expect to accomplish anything. People aren’t coming here to have their minds changed.” It’s probably fair to say his expectations were met. Amid shouting about lies and…
There’s a lot of buzz in Texas about Public Facility Corporation projects, and it’s made its way to the state Capitol. Controversy surrounding the PFC financing structure, which incentivizes developers for providing affordable housing, has been praised as the only way to attain much-needed “missing middle” housing and simultaneously criticized for taking property off the…
By Alan TallisSpecial Contributor In a little more than a year of working in collaboration, city staff and the Board of Directors of the Dallas Public Facility Corporation (DPFC) have approved close to $1 billion in new Class A multi-family housing. The number of apartment homes totals 4,195 units consisting of one-, two-, and three-bedroom…
Two housing projects seeking funding through the Dallas Public Facility Corporation have drawn the ire of neighbors and City Council members alike. At a Tuesday meeting of the Dallas PFC Board of Directors, 11 residents raised concerns or outright opposed the controversial projects through which developers get a 75-year tax-free lease in exchange for providing…
Mintwood Real Estate broke ground Monday afternoon on a 219-unit multi-family development that will bring affordable and market-rate housing to Dallas in 2024. The Oakhouse development at 900 E. Colorado Blvd. is one of more than a dozen projects recently approved by the Dallas City Council under the Public Facility Corp. financing structure. Oakhouse is the…
