City staff reports mixed progress on four city‑owned housing sites; Independence property faces major repair costs

City housing officials updated the Dallas Housing and Homelessness Committee on four city‑owned properties and the committee pressed staff for detailed financials, appraisals and timelines after learning the scale of required repairs at one site.

Darvin Wade, assistant housing director, presented a one‑page tracker covering 1950 Fort Worth Avenue (Miramar), 4150 Independence Drive, 2929 Hampton and 9090/9019 Vantage Point. Wade said permits are in for the Fort Worth Avenue project and staff expect closing and conveyance in mid‑to‑late April and that rehabilitation work should begin soon.

For 4150 Independence Drive, staff reported that the property has substantial, and in some cases unknown, structural and utility issues discovered since acquisition; developers told staff the condition and the unknowns have made many proposals infeasible. A recent NOFA submission identified two development scenarios: a rehabilitation approach for 100 units with a total redevelopment cost of about $29.9 million (approximately $277,000 per unit) and a demolition/new‑construction scenario for 60 units with a redevelopment cost estimated around $24.2 million (approximately $403,000 per unit). The November NOFA from a proposed developer showed a financing gap of $8.9 million (in addition to $4.3 million the city had offered), yielding a total additional gap of…