Dallas Housing Finance Corporation

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.
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.