"The Senate, voting unanimously just before midnight Wednesday evening, passed the economic aid package...[A] section of the bill allows a multifamily borrower with a federally backed multifamily mortgage who is experiencing financial hardship due to the COVID-19 emergency...to request a forbearance - a temporary reprieve on payments - for 30 days. Borrowers can also request two 30-day extensions."
"Dallas and Houston's economic stability are projected to be somewhat of an anomaly in the U.S. over the next several years, even as much of the world's economic growth slows, according to research firm Oxford Economics."
"Apartments are a huge part of the Dallas-Fort Worth economy, responsible for billions of dollars and tens of thousands of jobs a year, and yet there are not nearly enough of them...And when it comes to apartment rehabilitation and renovation projects, DFW shows its economic potential with renovations and repairs alone pushing about $2B into the local economy and creating up to 7,000 jobs yearly..."
Spectrum News San Antonio | December 19, 2018 | Spectrum News Staff - "Precourt Sports Ventures, LLC and the City of Austin announced that they have finalized their partnership to construct a privately funded $225 million soccer park and stadium on Wednesday...The natural grass, open-air stadium will be a top destination for professional and local soccer, and will serve as an entertainment and multi-purpose event venue for Austin. The site will also house a park and open space which will be available to the public year-round."
Bisnow | June 18, 2018 | Champaign Williams - "When Amazon released its request for proposals for a second headquarters, the tech giant outlined several key preferences that would factor heavily into its decision: proximity to densely populated city centers, access to a strong labor force that could eventually fill 50,000 jobs and a strong quality of life." Dallas is in the Top 10 of the Amazon HQ2 Finalists due to its "strong tech labor force working in its favor and a tax structure that sets it apart from the competition."