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Denton officials increase access to affordable housing incentives program for developers, residents

Denton City Council approved a series of changes to the city’s affordability incentive program to encourage more affordable housing construction at an April 7 council meeting.

The changes include lowering the required number of affordable units to qualify for the incentives and eliminating the right of first refusal.

The overview: The program offers nine different incentives for developers to rent or sell their units to residents earning under 80% of the area median income, according to a presentation from Housing Programs Coordinator Leia Atkinson. City documents show 80% of area median income for a single resident is $65,700 and ranges to $101,400 for a five-person household.

According to city documents, 48% of Denton households earn less than 80% of the city’s area median income based on their household size.

Zooming in: The program’s right of first refusal requirement forced developers interested in selling their property to offer the property to the city before approaching other potential buyers.

Atkinson said the requirement created administrative barriers for city staff, developers and lenders.

 
Now Open
Good Leaves Dispensary offers cannabis products in Denton

Goodleaves Dispensary, a store that sells cannabis products, opened for business in mid-March next to the Bearded Monk in downtown Denton, store staff said.

The details: The Denton store is the dispensary’s second location in Dallas-Fort Worth and the third in Texas, staff said. The two other locations are in Addison and Tyler.

The company offers hemp and THC-infused products like gummies, skin salves and tinctures.

Goodleaves Dispensary is in the same location that tattoo shop and art gallery The Artist's Grove was located before it moved to its new location just down the street at 325 W. McKinney St. in Denton.

  • 120 E. McKinney St., Denton

 
In Your Backyard
Fort Worth City Council to vote on DFW Airport's request to borrow $3B for construction projects

The Fort Worth City Council was presented with plans from Dallas Fort Worth International Airport to borrow up to $3 billion this year and up to $9 billion for the next four years for various construction projects.

During the March 31 work session, Brian Butler, Dallas Fort Worth International Airport executive vice president and Chief Financial Officer, addressed the plans with council members.

Fort Worth City Council will vote on the request at the April 28 meeting, he said.

What’s happening? Butler said some of the major projects at DFW Airport are the new Terminal F, the expansion at Terminal C and redoing International Parkway, which includes removing the left-hand turn lanes.

“Whenever we're looking to issue debt, it does require the city of Fort Worth to improve the issuance of that debt. We've also been working to modernize our bond ordinances,” said Butler, who was at his first Fort Worth meeting.

 

YOUR WEEKEND TO-DO LIST

Check out these weekend events across the metro area.

Get Lit: Grown-Up Book Fair

Arts in Bloom Art and Wine Festival

April 10, 6-9 p.m.
Allen

April 10, 5-10 p.m.; April 11, 11 a.m.-10 p.m.; April 12, noon-5 p.m.
McKinney

More info

More info

 

Taylor Swift Tribute | Reputation

Spring Wine Trail

April 11, 6 p.m.
Plano

April 11, 10:30 a.m.-6 p.m.
Grapevine

More info

More info

 
To submit your own event, click here.

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