Dallas Brings Affordable Housing to Gentrifying East Village With Opening of Jaipur Lofts

From Staff Reports

The City of Dallas’s first of eight new affordable housing developments is now open for leasing at 2102 Annex Ave. in East Dallas’ East Village. The complex is the first tax credit housing project in the neighborhood in more than 20 years.

The Dallas Housing Opportunity Fund, a public-private partnership designed to address the city’s need for quality affordable housing, celebrated the opening of Jaipur Lofts, a $27.8 million mixed-income rental community in late March.

“We’re excited to celebrate the opening of Jaipur Lofts and the positive, lasting impact it will have on the East Village neighborhood and the entire City of Dallas,” Ben Glispie, senior director of Fund Investments, Strategic Investments for Local Initiatives Support Corporation (LISC) said in a release. “Together with our partners and investors, we will continue to provide more mixed-income developments like this to mitigate the city’s affordable housing crisis.”

It features 71 new units with one-, two-, or three-bedroom apartment units for lease, featuring high-efficiency appliances and lighting, tiled tub surrounds and kitchen backsplashes, solid surface counters, and resilient flooring. Community amenities include a fully furnished clubhouse with community room, leasing center, cyber lounge, meeting rooms, and outdoor courtyard.

With working families in mind, Jaipur Lofts offers its residents walkability to nearby Monarch Park with various amenities, including a playground and seating areas at less than a half mile away. Additionally, Jaipur Lofts offers close proximity to high-frequency public transit, the Cesar Chavez Learning Center, and the Alex W. Spence Talented/Gifted Academy, as well as a full-service grocery store, a daycare, a medical center, and downtown Dallas’ high-density employment center.

“We’re proud to partner with the Dallas Housing Opportunity Fund to bring this vision to life,” said Megan Lasch, president of O-SDA Industries. “Jaipur Lofts delivers high-quality homes that working families in Dallas can afford to stay in this rapidly gentrifying neighborhood—without compromising on location, design, or community. This development represents what’s possible when we come together with a shared commitment to equitable, inclusive housing.”

O-SDA Industries, LLC is a real estate development firm with expertise in building affordable housing communities that meet the unique needs of each city and individual neighborhood they serve. Jaipur Lofts was developed by O-SDA Industries and Across, with Saigebrook Development as consultant.

Units were set aside for residents earning at or below 80% of the area median income (AMI), with more than half reserved for those below 50% AMI. At opening, 40% of units had been leased.

“Jaipur Lofts is more than a mixed-income rental housing development; it is a testament to the critical role public-private partnerships play in addressing our city’s persistent housing affordability crisis,” Dominique Pryor-Anderson, senior director of Community Investment for TREC CI, said in a release. “In only three years, DHOF has supported more than 500 affordable housing units, and I have no doubt it will continue to build on that positive momentum throughout 2025 and beyond.”

Launched in 2022 with $6 million in seed funding from the City of Dallas, the Dallas Housing Opportunity Fund is a public-private partnership designed to address the city’s need for high-quality, affordable housing. To date, DHOF has raised $41.5 million and invested $34 million across eight developments—bringing more than 500 affordable units to the Dallas housing market.