Affordable Housing
Nearly 1 million apartments are under construction across the U.S., and Dallas ranks No. 7 among the 50 largest metro areas in new-construction housing permits, according to a report released Tuesday. Dallas is No. 3 in Texas, according to the report, behind Austin and Houston. Almost 34,000 new apartments were added to the housing stock…
There’s a lot of buzz in Texas about Public Facility Corporation projects, and it’s made its way to the state Capitol. Controversy surrounding the PFC financing structure, which incentivizes developers for providing affordable housing, has been praised as the only way to attain much-needed “missing middle” housing and simultaneously criticized for taking property off the…
Houston touted its Community Land Trust as an innovative solution to lead the nation in affordable housing. The plan fell short, funding was slashed, and bureaucracy got in the way, according to a comprehensive report in the Texas Tribune last month. But Houston didn’t have Linda McMahon, president and CEO of The Real Estate Council,…
Dallas has an arsenal of tools to assist homebuyers and homeowners, and city staff is working to fine-tune its programs to protect against displacement and gentrification, officials said recently. One such tool is the Dallas Anti-Displacement Homebuyer Assistance Program, which allows buyers who have lived in Dallas for at least 10 years and have an…
By Alan TallisSpecial Contributor In a little more than a year of working in collaboration, city staff and the Board of Directors of the Dallas Public Facility Corporation (DPFC) have approved close to $1 billion in new Class A multi-family housing. The number of apartment homes totals 4,195 units consisting of one-, two-, and three-bedroom…
