Affordable Housing
A local developer announced last week that he’s buying the Cabana Hotel and redeveloping it into affordable apartments. Zachary Krochtengel of Sycamore Strategies recently made headlines for his plans to build a mixed-income project, Cypress Creek at Forest Lane, in the Lake Highlands area. That project was denied by the Dallas City Council due to…
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Up to $100,000 per household is available in federal grant funds for Dallas’ Joppa, Five Mile, Tenth Street Historic District, and The Bottom neighborhoods. The designated areas are all underserved communities that experienced disproportionately negative impacts from the COVID-19 pandemic, according to city documents. The American Rescue Plan Act (ARPA) Neighborhood Revitalization Program is offering grant…
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No doubt it’s been one hectic period for the housing market. Emboldened with excessive stimulus cash and nowhere to spend it, many buyers flooded the real estate realm in 2020. We’re still feeling the fallout nearly three years later. Rapidly increasing appraisal values have led to an influx of investors, iBuyers, and beyond. Especially in…
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The Dallas City Council on Wednesday authorized City Manager T.C. Broadnax to move forward with closing and land acquisition for the Cypress Creek at Forest Lane project in the Lake Highlands area, while remanding a lease agreement to the Housing Committee for consideration May 22. Following a lengthy debate over racial equity, legal ramifications, and…
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Cypress Creek at Forest Lane, a mixed-income apartment complex proposed most recently as a Public Facility Corporation project, is going before the Dallas City Council on Wednesday, but the PFC funding mechanism won’t work, city officials say. The 189-unit project is being developed by Zach Krochtengel of Sycamore Strategies and was the subject of a…
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