The National Low Income Housing Coalition reported in March 2018 that Dallas-Fort Worth has only 19 affordable housing units per every 100 renter households in the metro. A new public-private partnership between Dallas Housing Authority and 12 private developers aims to change that.
The partnership enlists some of Dallas’ biggest names in real estate as potential partners in a move to restore multifamily residences in Oak Cliff and again make them safe, affordable housing options. Chosen developers will assist DHA in redeveloping multifamily residences and affordability to 650 housing units across seven properties and nearly 146 acres of land in Dallas, starting in Oak Cliff, the DHA said.
“The Dallas Housing Authority is seeking proposals from private sector partners to redevelop affordable housing, which is a very positive step forward,” The Michaels Organization Regional Vice President of Development Joe Weatherly told BisNow. “Between the low-income housing tax credit and HUD’s Rental Assistance Demonstration program, now is a good time for the authority to be working with private sector partners to transform their vision for affordable housing into reality.”
The first project to be redeveloped, the DHA said, is the former Brooks Manor site in Oak Cliff. Zoned for retirement housing, the 6.694-acre tract of land was formerly a residence for seniors and persons with disabilities.
When complete, Brooks Manor could eventually become home to residents who now live in Cliff Manor, another Oak Cliff residence slated for redevelopment. It’s currently occupied by seniors and persons with disabilities.
“We appreciate the willingness of these leading developers to form a public-private partnership to create more affordable housing across North Texas,” Troy Broussard, president and chief executive officer for DHA, said in a statement. “Our goal is to increase the amount of much needed affordable housing across the communities we serve. We look forward to working with this network of premier developers to generate fresh ideas for accomplishing this goal. We can deliver better housing solutions by working together.”
The DHA said development partners will continue to be vetted and more may be added to the group. Currently the group includes:
- AMTEX Multi-Housing
- Carleton Development
- Fairfield Residential
- Matthews Southwest
- McCormack Baron Salazar
- Michaels Development Company
- Ojala Partners
- Steele Properties
- The NRP Group
- Trammell Crow Company
- Volunteers of America National Services
- The combined team of DFW Advisors, KRR Construction, and Michael R. Coker Company
“We’re cautiously optimistic,” City of Dallas Assistant Director of Housing & Neighborhood Revitalization, Maureen Milligan, told BisNow. “The comprehensive housing policy represents a great stride. It removes a lot [of] uncertainty about the city’s affordable housing policy.”
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