Who we are
Created by the City of Dallas in 2020, the Dallas Public Facility Corporation (DPFC) is a Texas public facility corporation and public nonprofit corporation governed by the Public Facility Corporation Act, Chapter 303 of the Texas Local Government Code, as amended (the “Act“).
The DPFC is organized exclusively for the purpose of assisting the City in financing, refinancing, or providing “public facilities,” as defined by the Act. In general, the DPFC seeks to develop and preserve mixed-income workforce housing communities to serve residents earning at or below 80% of the area median income (AMI) and at or below 60% of the area median income as well as provide non-income restricted units.
The DPFC 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.
The DPFC seeks to partner with qualified organizations to acquire, renovate, or build mixed-income housing developments that:
- Are in alignment with the DHP33 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 there is no source of income discrimination at the property;
- Ensure developers and property managers engage in affirmative marketing plans;
- Provide future residents with enhanced protections for the life of the property;
- Provide a diverse unit mix to provide housing options for all including single residents and families with children.
Additional Information
- A PFC may only operate in a Sponsor’s boundaries
- Any public facility owned by a PFC is exempt from all property taxes for a minimum of 60 years (DPFC maximum of 75 years)
- Eligible projects are New Construction, Conversion from Non-Multifamily to Multi-family and Purchase of Occupied Multi-Family Development
- Primarily used for the development of mixed-income/workforce housing development:
- 10% of the units reserved for families at or below 60% of the Area Median Income
- 40% of the units reserved for families at or below 80% of the Area Median Income or “middle income” (deeper affordability may be feasible for certain projects)
- 50% of the units at market rate
- The City of Dallas housing department provides compliance oversight for all projects.
- DPFC revenue can be used to provide more affordable housing and additional housing related services.
- Average rental savings over 75 years per project: $54,350,173
How to Apply
Complete and submit your documents to the Dallas Public Facilities Corporation (DPFC) for review of your application for a potential DPFC partnership. The DPFC reserves the right to reject any application that it determines to be incomplete or inaccurate.
DPFC Meetings
The DPFC Board of Directors generally meets every fourth Tuesday of each month at 12:00PM. Agendas are posted with the City Secretary’s Office or visit the DPFC Meeting Agenda and Minutes page.
DPFC Board Members
District 1
Scott Hounsel
District 2
VACANT
District 3
Stacy Marshall
District 4
Ronald Stinson
District 5
Prime Blakenship
District 6
VACANT
District 7
Victor Toledo
District 8
Jason Brown
District 9
Ken Montgomery
District 10
Mark Holmes
District 11
Alan Tallis
District 12
Kevin Winters
District 13
Laurel Stone
District 14
Keith Pomykal
Mayoral appointee
VACANT
Staff Contacts
Our team is committed to making a positive impact through collaboration and dedication.
