The DCPFC will require underwriting services for its’ activities which will primarily include the financing of affordable housing development in Denton, Texas. It is likely that the majority of DCPFC partnerships will exclusively provide property tax exemptions as applicable under Chapter 303 of the Texas Local Government Code. However, the City may consider establishing a revolving door loan fund providing low interest loans for the construction of affordable housing in Denton, Texas. This would utilize funds from the 2023 Voter approved General Obligation bond in a sustainable way so that the City can continually invest in affordable housing. In order to most effectively satisfy the City’s core values of Quality Service and Fiscal Responsibility, the City sees fit to partner with an organization experienced in providing financial and accounting services to Public Facility Corporations or similar entities.
