To achieve TREC’s vision of a world-class and livable North Texas region for all, TREC advocates for public policies which promote long-term economic growth and vitality as well as quality of life across the region. We engage in policy issues which impact the commercial real estate industry and the public good in a significant way to build the city we’ve imagined.
Our members know first-hand the vital importance of a clear and streamlined process for growth and development. Making not just the goals but the rules for engagement with government transparent, consistent and simple — wherever possible — helps developers big and small participate in building unique, inviting, valuable places that in turn contribute to the vibrancy of our neighborhoods and city centers alike.
- After a collaborative, in-depth review of the City of Dallas’ development process with City staff and other stakeholders, TREC was instrumental in instituting a quarterly stakeholder meeting with City staff to address ongoing challenges and opportunities within the development process. We will continue to work in partnership with the local, regional and state governments to demystify and improve the development process.
Commercial real estate development is a leading industry for growth in Texas. We advocate for policy tools that stimulate the economy and promote responsible and sustainable development rather than impose undue regulations inhibiting growth. These tools include Tax Increment Financing and Public Improvement Districts, programs that provide tools for retrofitting existing infrastructure, public-private partnerships, and tax abatements. Additionally, we advocate upon important policy categories including mobility, education and housing as well as land use regulation that significantly impacts economic development.
- In support of the mayor’s GrowSouth initiative, TREC invests in and funds critical projects taht bring new business and jobs to the area through our Foundation’s Dallas Catalyst Project and Community Fund’s loan program.
- In 2017, TREC Community Fund also hosted Dallas’ first Shark Tank competition, focused on generating real estate development in the GrowSouth footprint resulting in over $2.1 million in pledged investments for Southern Dallas.
- TREC was the initial investor providing the seed funding necessary to bring Klyde Warren Park to life and has provided similar catalytic investment to the Circuit Trails Conservancy to build The Loop urban trail network.
Reasonable Land Use
TREC is dedicated to working with local and state governments to produce policies that protect and expand our land resources and promote a healthy, growing city while avoiding undue burden on the development community.
- As part of a coalition of stakeholders, TREC worked with the City of Dallas to ensure the Article X Tree Ordinance protects and preserves the natural greenery and trees throughout the city while also creating a fair and predictable plan incenting options rather than mandating means to address trees in the development process.
- At TREC, the Public Policy Committee’s Green Working Group coordinated member feedback on the City of Dallas’ proposed Parkland Dedication Ordinance to ensure these regulations are clear, practical and provide developers flexibility to reach the intended result of providing park land and amenities to Dallas residents.
Transportation infrastructure is critical to maintaining our economy and our quality of life. Visionary thinking on transportation and its relationship to the economic growth of our region is a priority of TREC. The vision for North Texas’ future must be long-range, focusing on the best solutions for our region in 50 to 100 years. Future planning must promte multimodal transportation options encouraging vibrancy, sustainability and inclusivity in our City.
- TREC supports the City of Dallas’ efforts to hone a comprehensive transportation strategy.
- At TREC, our Public Policy Committee’s Mobility Working Group tracks current and potential subjects including TXDOT’s and NCTCOG’s regional highway planning, DART’s D2 subway and bus system and the Dallas Streetcar in addition to statewide transportation funding legislation.
Access to housing for all members of our community is essential to a healthy economy. TREC is dedicated to promoting mixed-income communities and housing options that are accessible to a range of household incomes. Addressing the continuous gap in and growing need for adequate housing requires neighborhood-specific strategies, a variety of tools, and a comprehensive approach. As such, TREC supports data-driven and market-based housing policies which provide options, flexibility and predictability as we believe this will ultimately produce and preserve the greatest number of units affordable to a range of incomes.
- At TREC, our Public Policy Committee’s Housing Working Group offered a “toolkit of options to encourage mixed-income housing” to the City of Dallas in 2016. Many of the ideas and tools presented were included in Dallas Comprehensive Housing Policy adopted in 2018 and TREC continues to work with the City as specific ordinances relevant to housing and development are crafted.
Public education is important to TREC members as strong schools are vital to a healthy business climate and economic development as well as Dallas families.
- Our PAC has supported and endorsed Dallas ISD candidates and TREC supports strategies that improve education results, measurement, transparent governance, accountability and access to quality schools for all. For 25 years, TREC Foundation has also worked to strengthen our community through improved education for all.
Public Finance, Investment & Taxes
A moderate, balanced and stable tax structure contributes to the positive business climate necessary for Texas to compete in a world economy. TREC tracks state and local tax polity including property tax, franchise tax, and sales price disclosure
- In 2017, TREC was also part of a coalition of business organizations working to promote resolution to the City of Dallas’ pension crisis.