Dallas PFC would own Hoque-Anchor project, give up $3.66M over 60 yrs

Dallas City Council is asked on Oct. 14, 2026 to authorize the Dallas Public Facility Corporation to acquire, develop and own University Hills, a mixed-income apartment project at 1910 East Wheatland Road in Dallas, and to lease it for 75 years to UH Multifamily Development 1, LLC, an affiliate of Hoque Global and Anchor Capital Partners. It is a proposal, not a decision.

Why it matters

The structure puts a city-affiliated corporation on title while the developers hold and operate it under a 75-year lease. For developers, builders and agents working Dallas affordable and mixed-income deals, it is another sign that public facility corporation ownership is a live path in the city. The agenda item is also tied to the Dallas Housing Resource Catalog.

The city attaches a price to that path. The item lists the estimated General Fund revenue foregone at $3,657,529.91 for 60 years. Spread evenly, that is about $60,959 a year, our calculation from the agenda figure and not a number the city states.

The numbers

• Site: 1910 East Wheatland Road, Dallas, Texas 75241
• Proposed lease term: 75 years
• Estimated General Fund revenue foregone: $3,657,529.91 over 60 years
• Per year, evenly spread: about $60,959 (our calculation)
• Lessee: UH Multifamily Development 1, LLC, an affiliate of Hoque Global Partnership, LLC and Anchor Capital Partners, LLC

The agenda text we reviewed does not state a unit count, an income-restriction split or a total development cost, so we do not estimate a price per unit. It also does not spell out the mechanism behind the foregone revenue, and we are not characterizing it beyond what the city wrote.

What’s next

Council takes up item 26-2926A on Oct. 14, 2026. Whether it passes, and on what terms, will be in the minutes, not the agenda. If approved, the follow-on documents to watch are the lease, the financing and the unit and affordability terms, which would show what the operator is committing to over the lease. Related coverage of how deals are moving across the metro sits on our Dallas market page.