Affordable Housing
It’s official: An affordable housing project is coming to North Central Expressway in District 10. The project took on a life of its own as developers with Sycamore Strategies fought through prohibitive deed restrictions, one of the most contentious town hall meetings in recent memory, a failed attempt to use Public Facility Corporation financing, and…
Dallas has an affordable housing problem. That’s not news to anyone in the region. However, addressing the root issue of housing affordability and building lasting solutions is a dilemma local officials and business leaders are still puzzling out. David Noguera, the City of Dallas Housing and Neighborhood Revitalization director, opened the discussion hosted by Michael…
Pride Month kicks off today, and the new housing development Oak Lawn Place is giving Dallas residents something to celebrate. Construction is underway for Oak Lawn Place, a 100-percent affordable, $31 million housing development offering services to the senior-citizen LGBTQIA+ community and those affected by HIV and AIDS. It’s the first affordable housing development of its…
The public facility corporation structure — a new kind of housing project — was introduced in Dallas last year, but it seems that few have a tight grasp on how it works and what the return on investment is. That’s due in part to the city’s resistance to marketing Public Facility Corporation projects and confusion…
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…
