The Texas Department of Housing and Community Affairs, the state agency that awards the lucrative tax credits, has already received proposals from developers across the state to build affordable apartments. And guess what? Exactly two are proposed to be built in Dallas, compared to seven in Houston. And one of the Dallas proposals submitted this year is a renovation of the abandoned Fairway Crossing, so that doesn't exactly count as a new development. Other interesting facts: Neither Brian Potashnik nor his nemesis Bill Fischer have submitted any proposals; the Fairway Crossing project, which was submitted last year by Potashnik, now has a different owner.
With Dallas Mayor Laura Miller already on record saying that TDHCA shouldn't award tax credits until the FBI investigation concludes, it's no surprise that few developers wanted to spend hundreds of thousands of dollars on preparation costs for a proposal and then try to convince the state to defy the mayor's wishes. Or, alternately, like a playboy without his Bentleys, a developer who can't bribe his council member has no game. --Matt Pulle
