The Downtown Dallas Development Authority board approved the City Center tax increment finance district annual report for fiscal year 2022–23 and granted staff authority to make ministerial corrections before the report goes to City Council.

The report documents that the City Center core subdistrict terminated during the reporting period and that the West End–Lamar subdistrict will remain active. Staff told the board the district has a budget capacity of about $152,000,000 and that $103,000,000 had been committed or spent to date, leaving roughly $49,000,000 available to allocate before the district terminates.

Doris Parker, who presented the report to the board, said that approximately $81,500,000 in TIF funds have leveraged nearly $710,000,000 in private investment within the district. Parker noted several completed projects, including the Adolphus Tower redevelopment, and said some recent office-to-residential conversions (including work at the former Thanksgiving Tower, now Santander Tower) were not funded by the TIF and therefore were not reported as TIF-funded activity.

The report also details set-aside funds. A $12,400,000 affordable-housing set-aside remains largely uncommitted; staff reported $424,000 of that set-aside has been spent, leaving about $12,000,000 available for mixed-income housing projects anywhere in the downtown district. A second set-aside for districtwide public-space improvements shows $8.26 million available, with $5.6 million already committed and $2.66 million uncommitted.

Parker said the plan amendment approved by City Council in December 2022 added new mixed-income housing requirements that apply going forward: 20% of units set aside as affordable on ground-up residential projects (the plan amendment text appears in the report). Parker told the board there are currently 30 affordable units in the district’s inventory (including a 29-unit mixed-use project and a 27-unit project at 555 Ross Avenue) and that staff expects additional developer applications in the coming year.

Board members asked for clarification about vacancies on the appointing roster and about projections for future collections. Parker said appointments are made by councilmembers and the board’s staff does not control that process. She also explained the difference between budget capacity and cash on hand, and that the report includes administrative costs current to the meeting.

Board member Billy Pruitt moved to approve the annual report and to allow staff to make ministerial edits before filing with City Council; the motion was seconded and carried unanimously.

The board’s action was procedural: it approved the report for submission and allowed minor, attorney-reviewed changes before the final filing. Any major substantive change would be returned to the board for approval.

The board adjourned after completing the agenda items related to the City Center district.