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The Real Estate Council is
actively monitoring issues at the state and local level that impact
the commercial real estate industry and our partners. Our mission is
to build a better city – and public policy is an essential component
of that vision.
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TREC PAC Fundraiser: An Evening With Colt McCoy
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You are invited to join
The Real Estate Council’s Political Action Committee (PAC) for an
intimate conversation with Colt McCoy, managing partner of HPI Fort
Worth and former University of Texas quarterback. McCoy spent 14
seasons in the NFL before returning home to launch his commercial
real estate career and help shape HPI's strategy in one of the
state’s fastest-growing markets.
Gather with fellow industry professionals and PAC members for a
candid discussion on leadership under pressure, building
high-performing teams, translating lessons from the huddle into
business and investing, and the civic and policy decisions that influence
competitiveness, regional development, and long-term opportunity
across North Texas.
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Dallas Housing Finance
& Public Facility Program Statements Update
City staff briefed the Housing
& Homelessness Solutions Committee on February 23 on a broader housing
policy package that includes updated DHFC/DPFC and Housing Tax Credit
program statements. The HFC and PFC statements have been under
discussion for more than a year. TREC has weighed in throughout the
process and secured significant improvements, including a more
workable 2/3 vote standard for projects outside priority areas (down
from a supermajority or 12-vote requirement) and removal of proposed
project caps. The new tax credit program statement relies on TDHCA’s
annual QAP updates and outlines the application process for a
resolution of support/no objection. TREC will continue to monitor as
the proposal heads back to committee in March and then to a full
Council briefing on April 1.
EV Parking Update
After Dallas adopted parking reform in 2025, the city adopted
the interpretation that EV-ready/EV-capable requirements are
calculated based on total parking provided. This has increased
costs and created retrofit issues for some expansion projects. TREC
has been working with City staff to recommend a cap of EV-capable
spaces at six (6) for projects with 26 or more spaces. The City has
issued a memo and is considering a code amendment
to clarify the standard and implement the site-based cap. TREC
remains engaged with staff and Council, and the Economic Development
Committee advanced the proposal to full Council at its March 2 meeting.
City
Meetings
View upcoming city meetings here.
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Dallas City Hall
On February 23, the Dallas City Council's Finance
Committee reviewed the consultants' assessment of Dallas City Hall that estimated
roughly $329 million in urgent repairs, with full modernization costs
that could exceed $1 billion over 20 years. Some council members
raised questions about the report’s scope and assumptions and
suggested additional review, while others supported using the
findings to inform next steps and evaluate options.
The Finance Committee unanimously approved a resolution
directing the City Manager to relocate emergency operations, 311, and
911 to a new facility as quickly as possible, pursue options to move
all other City Hall functions to new locations, and explore
redevelopment options for the current City Hall site. The Economic
Development Committee had a complementary briefing and heard public comment at
the March 2 meeting, followed by a full City Council briefing and contentious vote to approve the
resolution on March 4. TREC is continuing to closely monitor this
discussion and how it impacts the future of downtown and the CRE
industry.
Future
of DART
Several North Texas cities have been weighing whether to
remain in DART over concerns about cost, service, governance, and
long-term sustainability. At the Feb. 11 Dallas City Council meeting, members passed a resolution of support for governance reforms that
guarantee every city representation and prevent any single city from
holding a majority, reducing Dallas’ voting share. Plano, Irving, and
Farmers Branch have since canceled their May withdrawal referendum
elections after a deal that returns sales-tax dollars to member
cities and governance reforms. TREC will keep monitoring city
actions, funding decisions, and impacts on regional mobility and
transit-oriented development.
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Invest in TREC PAC
Help protect our industry and make a difference in the
communities where you build, live, and work by investing in TREC PAC. TREC PAC is North Texas’s leading
advocate for commercial real estate, with a strong track record of
backing winning candidates who shape land use, housing,
infrastructure, and tax policy. Through targeted endorsements,
strategic contributions, and direct engagement with elected
officials, TREC PAC helps advance sound policy, push back against
harmful regulations, and promote responsible development and
long-term economic growth across the region.
By investing in TREC PAC, members strengthen the industry’s voice in
local and state elections and ensure policymakers understand how
development decisions affect jobs, housing supply, mobility, and
economic competitiveness across North Texas.
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March 24|TREC
PAC Fundraiser: An Evening With Colt McCoy
April 7|Public Policy
Committee Meeting
April 16 | Young Guns Casino
Night, presented by 42 Real Estate
View all upcoming events here.
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Manage Your Preferences
The
Real Estate Council
3100 McKinnon Street, Suite 1150 Dallas, TX 75201
214.692.3600 | recouncil.com
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