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DALLAS - Chief of Economic Development and Neighborhood Services
Raquel Favela announced her resignation from the City of Dallas effective September
3.
In her role, Favela spearheaded the
City’s first ever data-driven Market Value Analysis (MVA) framework to help
City leaders, residents and other stakeholders to understand the local
residential real estate market and help inform policies around housing program
design, production levels, and incentives.
In collaboration with the City Council
and community stakeholders, Favela led the development of a Comprehensive
Housing Policy that will help the City achieve its goals of creating and
maintaining available and affordable housing throughout Dallas, promoting
greater fair housing choices, and overcoming patterns of segregation and
concentrations of poverty through incentives and requirements.
Favela also managed the negotiation of significant economic
development projects which leveraged private investment dollars, expanding the
city’s tax base, and creating over 2000 new jobs and retaining an estimated
2300 jobs. Some of the notable projects include Reimagine Red Bird Mall
redevelopment which is a historic milestone for the Southern sector, Nokia’s
new North American headquarters, Hillcrest Village Shopping Center, Becknell
Industrial and Vistaprint Manufacturing Texas to establish a new manufacturing
facility, and WWF Operating Company which secured a new manufacturing
operation.
“Under her leadership, we have been able to strengthen our
focus on fundamental neighborhood services, and identify short-term and
long-term solutions to address revitalization efforts and economic development due
diligence and strategies essential to the sustainability of our community,”
said City Manager T.C. Broadnax.
Favela began her work
at the City in April 2017.
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