Affordable Housing
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…
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…
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…
The City of Dallas has about $32 million from the U.S. Department of Housing and Urban Development to spend this budget year. The HUD funds will go toward housing programs covered by the city’s Community Development Block Grant program and Home Investment Partnerships Program, among other initiatives. City Council members were briefed Wednesday on how they…
During the “silly season” of campaigning to keep their elected city council seats, Dallas officials are giving passionate speeches from the horseshoe about the causes they believe in. District 12 Councilwoman Cara Mendelsohn has already won — she’s running unopposed — but she’s doubling down during every agenda meeting about the Public Facility Corporation projects…
