PILLAR: Vibrant
AGENDA DATE: June 24, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Housing and Community Empowerment
PRIORITY: N/A
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SUBJECT
Title
Authorize the Dallas Public Facility Corporation to (1) acquire an improved property, and develop and own Thirty21, a 86-unit mixed-income multifamily development to be located at 3021 Martin Luther King Jr. Boulevard, Dallas, Texas 75215 (Project); and (2)?enter into a seventy-five-year lease agreement with Phoenician Development Group, LLC and/or its affiliate(s), for the development of the Project - Estimated Revenue Foregone: General Fund $533,246.70 (for 60 years; see Fiscal Information)
*In alignment with Dallas Housing Resource Catalog.
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BACKGROUND
The City of Dallas (City) is authorized by the Public Facility Corporation Act, Chapter 303 of the Texas Local Government Code, as amended (the Act) to create a Public Facility Corporation for the purposes established in the Act, including the financing, acquisition, construction, and leasing of public facilities under the Act. On June 24, 2020, by Resolution No. 20-1035, the City Council authorized the creation of the Dallas Public Facility Corporation ("DPFC" or "Corporation") pursuant to?the Act to further the public purposes stated?in the Corporation's Articles of Incorporation and Bylaws, which were subsequently amended by Resolution No. 22-1194 (Bylaws). Section 6.2 of the Corporation's Bylaws requires City Council approval by written resolution prior to entering into any agreement that would result in a property tax exemption. Per Section 7.3 of the Bylaws, any public facility related to multifamily residential development of the Corporation shall not proceed unless (1) the development of the public facility could not be feasible but for the Corporation's participation, and (2) the development of the public facility is in furtherance of the City of Dallas' Comprehensive Housi...
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