About the Dallas Public facility corporation

The corporation is authorized to finance the acquisition of obligations issued or incurred in accordance with existing law, to provide for the acquisition, construction, rehabilitation, renovation, repair, equipping, furnishing, and placement in service of public facilities as allowed by the City and pursuant to the Act.

Members

15Seats

3Vacancies

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Members By Gender

8%
Female (1)

92%
Male (11)

Members By Race

Asian^*

0%(0)

Black^*

33%(4)

Hispanic

8%(1)

White^*

58%(7)

Other ^* ^**

0%(0)

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Departments

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Mission

To assist the City in meeting its production goals established under the Dallas Housing Policy 2033 (DHP33).

Purpose

To develop mixed-income, multifamily residential in areas of opportunity and to be used as a tool for redevelopment to deconcentrate poverty and provide greater fair housing choice throughout the City.

Duties

The DPFC seeks to partner with qualified organizations to acquire, renovate, or build mixed-income housing developments that: Are in alignment with the Dallas Housing Policy 2033 and adhere to the broader affordable housing industry's rent and income standards:

AMI targets adjusted for family size Rent restrictions based on 30% of the applicable AMI restricted levels as established by HUD, TDHCA Consider the income of all residents living in the unit where applicable, identify opportunities for deeper income targeting based on the operational subsidy provided by the property tax exemption to ensure the property is not over subsidized;
Ensure there is no source of income discrimination at the property;
Affirmatively furthers fair housing in the City;
Ensure developers and property managers engage in affirmative marketing plans;
Provide future residents with enhanced protections for the life of the property;
and Provide a diverse unit mix to provide housing options for all including single residents and families with children.