Upcoming Agenda Item: February 11, 2026, City Council Agenda Item #26-256A, Authorize the Dallas Public Facility Corporation (DPFC) to acquire, develop, and own Mockingbird Corner, a mixed-income, multifamily development to be located at 1241 W Mockingbird Ln, Dallas, Texas 75247 (Project); and enter into a seventy-five-year lease agreement with GHN Holdings, LLC (Applicant) or its affiliate, for the development of the Project [Thor Erickson, Director, Office of Housing and Community Empowerment; Aaron Eaquinto, General Manager, Dallas Housing Finance Corporation]

The Dallas Public Facility Corporation (DPFC) is set to acquire, develop, and own 'Mockingbird Corner,' a 275-unit mixed-income multifamily development at 1241 W Mockingbird Ln, Dallas, Texas 75247. The project involves a seventy-five-year lease agreement with GHN Holdings, LLC. The development will include 10% of units (28 units) for residents at or below 60% AMI, 40% of units (110 units) for residents at or below 80% AMI, and the remaining 50% (137 units) at market rate. The total development cost is estimated at $57,779,687.00. The DPFC expects to receive approximately $113,715,454.00 in revenues and rental savings over 60 years, which will fund DPFC operations and additional affordable housing initiatives. This project is deemed not feasible without the DPFC's participation and the associated ad valorem tax exemption.

This project will add 275 new housing units, with a significant portion (50% or 138 units) designated as affordable for individuals and families earning at or below 80% of the Area Median Income. Residents in the area may see increased housing options, including for the 'missing middle' workforce.

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