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Board ratifies shared-services agreement with Dallas Public Facility Corporation
Summary
The Dallas Housing Finance Corporation approved a shared-services agreement with the Dallas Public Facility Corporation to share a general manager and split related administrative costs 50/50 while PFC employees remain employed by the PFC; the agreement is an initial step with scope limited to the general manager and shared
The Dallas Housing Finance Corporation on Oct. 14 approved a shared-services agreement with the Dallas Public Facility Corporation (PFC) to coordinate management and split administrative costs for an initial set of shared responsibilities.
Under the agreement approved by the board, DHFC will employ a general manager whose base salary and bonus will be split 50/50 between DHFC and PFC. Administrative costs (office lease and basic office expenses) will also be split on an agreed basis;…
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