affordable housing

Federal Home Loan Bank of Dallas Commits Nearly $100M to Four Affordable Housing Initiatives

by | Apr 30, 2024
“We have options for homeowners and renters through our programs, which provide very low- to moderate-income residents, older residents. and people with disabilities access to affordable housing,” says FHLB Dallas President and CEO Sanjay Bhasin.
How Companies in Brooklyn, Chicago, and Greater L.A. Are Boosting Workforce Housing in Dallas
by | Mar 22, 2024
In a joint venture, Waterford Property Co., The Vistria Group, and Northern Liberties have acquired the 395-unit Domain at Midtown Park near Royal Lane and U.S. 75 in Dallas. Starting immediately, rent rates for new, qualified residents will be restricted "to create stable workforce housing" as part of an agreement with the Dallas Housing Finance Corporation. "This is just the beginning of our focus on Texas,” Waterford Co-Founder Sean Rawson said.
From Gridiron to Groundbreaking: How Two High School Football Teammates Are Tackling Affordable Housing in Dallas
In this continuing series on real estate development in Southern Dallas, we introduce you to real estate professionals who are part of Innovan Neighborhood's Community Developers Roundtable. They’re working to bring new life to long-neglected parts of Dallas.   

The New Dallas Landscape, Part 4: Meet Kwame Ellis and Khalid Shabazz, founders of Titan and Associates. 
Allen’s FTK Construction Promotes Exec to Vice President of Finance, IT
by | Feb 23, 2024

Riley Goodman has been promoted to vice president of finance and information technology at Allen-based FTK Construction Services, a nationwide general contractor specializing in affordable housing and low-income housing tax credit projects.

FTK said that Goodman will oversee all financial operations for the company, along with all IT operations and systems for preconstruction, production, and administration....


Dallas Fed’s Lorie Logan Credits Entrepreneurship, a Welcoming Attitude, and ‘Young, Skilled, Diverse’ Labor Force for Region’s ‘Growth Premium’

by | Feb 12, 2024
But in a keynote talk with Perot Group Chairman Ross Perot Jr. at the Tarrant Transportation Summit, the president and CEO of the Dallas Federal Reserve Bank cites supply chain and cybersecurity risks, as well as challenges around affordable housing and childcare.
The Last Word: Good Urban Development’s Shannon Brown-Key on the Mill City 50 Affordable Housing Project in Southern Dallas
by | Dec 5, 2023
Mill City 50, a 50-home affordable housing community planned for a neighborhood in Southern Dallas, is slated to have its first 10 homes hit the market in early 2024. It will be the result of the project leadership of Brown-Key, whose company is a joint venture between Matthews Southwest and Dallas nonprofit Urban Specialists Inc.
Dallas Fintech Zippy Finds its Niche in Financing Manufactured Housing
by | Mar 23, 2023
With recent financing from FirstBank, the company's innovative solution—a digital lending platform for manufactured home loans—is available in 11 states, including Texas. Zippy plans to more than double its footprint in 2023 by establishing partnerships with hundreds of communities.

The Last Word: OHG’s Lauren Seaver on City of Dallas Acquiring Briscoe Apartments for $82M for Mixed-Income Housing

The city of Dallas announced last week that it has spent $82 million through the Dallas Housing Finance Corporation to acquire The Briscoe, a 322-unit class-A multifamily property at 12639 Coit Road in North Dallas. The Briscoe was previously charging tenants full market-rate rents. Now it will reserve 161 units for residents earning at or below 80% of the area median income. Current residents who qualify will see their rents reduced at their next lease renewal, saving an average of $222 a month, or $2,659 a year. 
15 Developers of Color Present Affordable Housing Projects in Dallas Equitable Development Initiative Pitch
by | Nov 21, 2022
Capital Impact Partners launched the initiative in Dallas last April to unleash talent that is ready to work with local neighborhoods for uplifting solutions.

One developer is already putting finishing touches on 26 affordable homes this year.
Innovan Neighborhoods Launches Community Developers Roundtable to Fuel ‘Catalytic Real Estate Development’
by | Sep 21, 2022
Local developer and consulting firm Innovan Neighborhoods is leading the roundtable's efforts to increase affordable housing in the region while accelerating the revitalization of underserved communities around Dallas. With initial funding from JPMorgan Chase, "flexible capital" could help boost needed projects. "When we put funds and resources behind innovative solutions, we can see neighborhoods and communities set up for long-term success,” says Maggie Parker, Innovan's founder and managing partner.
Frisco Startup Homz Launches to Address Housing Shortage With Urban Communities Across the U.S.
by | Jul 28, 2022
Over the next five years, Homz wants to break ground on 50 communities across the country. The mixed-use projects would include build-to-rent single-family homes and four multifamily brands that are designed to meet the needs of renters at "each stage of their lives."

The company's leaders say they're focused on a triple bottom line approach to building sustainable, attainable housing communities.

New Program Will Help Dallas Real Estate Developers of Color Create Affordable Housing

by | Apr 7, 2022
Capital Impact Partners' Equitable Development Initiative has already been rolled out in Detroit, metro Washington, D.C., and the San Francisco Bay Area—training more than 200 developers of color since 2018. Now it's landed in Dallas with funding support from JPMorgan Chase & Co. and Charles Schwab Bank.

The goal: Help local real estate developers of color break down barriers and advance in a booming market—while helping underserved communities by building more affordable housing.
Mattye Gouldsby Jones on Opportunities in Affordable Housing in Dallas-Fort Worth
by | Mar 16, 2022
There's interest by developers from across the country to build affordable housing here, says Jones, a director at Coats Rose and public policy chair at The Real Estate Council.

Stakeholders can embrace the opportunity, the attorney says. The investment in affordable housing "will be catalytic and will beget economic vibrancy."
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Veritex Bank, Federal Home Loan Bank of Dallas Award $750K to Create Affordable Housing for the Local LGBTQ Community
by | Jan 25, 2021
The $20.5 million project, developed by the Resource Center of Dallas and Volunteers of America, will provide LGBTQ older adults (62+) with affordable rental housing. An artist's rendering by architecture firm Perkins & Will shows the current concept for the apartments that will be located near Maple Avenue and Mockingbird Lane in Dallas.
CitySquare is Building “a More Equitable Future” for Dallas by Creating Affordable Housing—and Showing How Real Estate Professionals Can Help Drive Change
by | Oct 27, 2020
From tiny homes and modern shipping container housing to job training, healthcare services and a food pantry, CitySquare is turning poverty into hope.