The South Dallas/Fair Park Opportunity Fund Advisory Board is is a 2 year term beginning October of each odd year. It is comprised of 15 members. Each city council member shall appoint one member to the board. The mayor shall appoint the chair, and the full city council shall appoint the vice-chair.   All members shall serve until their successors are appointed and qualified.

Members of the commission must meet the following qualifications:
(1) Eight members must meet any of the following qualifications: (A) Be a resident of the South Dallas/Fair Park Opportunity Fund program area as defined by city council resolution. (B) Be a representative of a cultural institution or other facility permanently housed at Fair Park. (C) Be the owner or operator of a business in the South Dallas/Fair Park Opportunity Fund program area as defined by city council resolution. (D) Be actively involved in the South Dallas/Fair Park community.

(2) Seven members must have substantial knowledge and expertise in any of the following areas: (A) Housing development. (B) Business development and operations. (C) Non-profit management and operations. (D) General community development principles and practices.

(3) In addition to the qualifications listed in (1) and (2) of this subsection, at least two of the board members must have loan underwriting experience.