Affordable Housing
The Austin City Council took a bold leap last week, agreeing to allow builders to develop up to three housing units on almost any lot in the city where single-family homes are allowed, thereby reducing the minimum lot size necessary for dwellings. Dallas housing advocates, elected officials, and Not In My Backyard homeowners were watching, and…
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The Dallas Housing Opportunity Fund has a pipeline of shovel-ready affordable housing deals in place but needs investor funding to take them to the finish line, officials told members of the Dallas City Council’s Economic Development Committee earlier this month. Linda McMahon, president and CEO of The Real Estate Council, reviewed during a Dec. 4…
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Public Facility Corporation reform laws were approved in this year’s Texas Legislative session, but an affordable housing watchdog group says it falls short. It also grandfathers PFCs approved before the passage of House Bill 2071. The new legislation provides affordability, accountability, and transparency. It also makes headway in curbing abuses and tenant protections, advocates say. …
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Dallas City Council members last month reviewed a pair of development programs used to spur affordable mixed-income housing throughout the city in the hopes that City Council will authorize changes to make the initiatives more developer-friendly. The programs are complicated and the funds are restricted by the U.S. Department of Housing and Urban Development guidelines.…
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The Community Bond Task Force is set to make recommendations to the Dallas City Council on Dec. 6 about how to divvy up 2024 bond funds for housing, economic development, parks, streets, and erosion control projects. The CBTF issued the following recommendations, totaling $1.1 billion, in an Oct. 27 memo: The bond election is next…
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