southern dallas housing task force august 4

8/13/2019 Southern Dallas Housing Task Force August 4

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Southern Dallas Housing TaskSouthern Dallas Housing Task

ForceForce

Affordable Housing and Community Goals Affordable Housing and Community Goals

August 4, 2011 August 4, 2011



Southern Dallas Housing TaskSouthern Dallas Housing TaskForceForce

GoalGoal – – Develop RecommendationsDevelop Recommendationsregarding Subsidized Housing for Oak Cliffregarding Subsidized Housing for Oak Cliff

and Southern Dallasand Southern Dallas

Approach from perspective of impact on Approach from perspective of impact on

community viabilitycommunity viability

Ability to attract jobs, retail, services Ability to attract jobs, retail, services

Increase per capita income from $13,542Increase per capita income from $13,542

Increase education levelsIncrease education levels



Southern DallasSouthern Dallas – – A Demographic Profile A Demographic Profile



Southern DallasSouthern Dallas – – A demographic wish list A demographic wish list

Improve per capita incomeImprove per capita income Set goals to match greater Dallas regionSet goals to match greater Dallas region

Improve education levelsImprove education levels

High school graduation ratesHigh school graduation rates

College graduation ratesCollege graduation rates



Subsidized HousingSubsidized Housing

RentalRental vs. Ownervs. Owner--occupiedoccupied GeneralGeneral PopulationPopulation vs. Elderlyvs. Elderly

Sources of subsidiesSources of subsidies Dallas Housing AuthorityDallas Housing Authority

Section 8 vouchersSection 8 vouchers

DHA owned propertiesDHA owned properties Low Income Housing Tax Credits (LIHTC)Low Income Housing Tax Credits (LIHTC)

Permanent Supportive HousingPermanent Supportive Housing



Subsidized Housing (contSubsidized Housing (cont’ ’ d)d)

Private Developers / NonPrivate Developers / Non--profitsprofits LIHTCLIHTC

Section 8 vouchersSection 8 vouchers

HUD loansHUD loans

Tax Increment FinancingTax Increment Financing



Subsidized Housing by CouncilSubsidized Housing by CouncilDistrictDistrict



City of DallasCity of Dallas – –

Low Income Housing Tax CreditLow Income Housing Tax CreditProjectsProjects

19901990 – – 19991999 9751 units created9751 units created

49.91% in southern Dallas49.91% in southern Dallas

20002000 – – 20102010

9867 units created9867 units created

80.02% in southern Dallas80.02% in southern Dallas



City of DallasCity of Dallas – –

Low Income Housing Tax CreditLow Income Housing Tax CreditProjectsProjects

92% located in minority census tracts92% located in minority census tracts Trending more and more in Southern DallasTrending more and more in Southern Dallas

Typical projects are rehabsTypical projects are rehabs

1515--20 years building life span20 years building life span 30 year deed30 year deed--restrictedrestricted

40 years with HUD financing40 years with HUD financing

Income of tenants deedIncome of tenants deed--restrictedrestricted 5050--60% of median income60% of median income

Median Family income in Dallas $68,300Median Family income in Dallas $68,300



Southern Dallas Housing ProfileSouthern Dallas Housing Profile(per City of Dallas 2008)(per City of Dallas 2008)

Total Housing UnitsTotal Housing Units – – 180,406180,406 Owner OccupiedOwner Occupied – – (49.95%)(49.95%) – – 90,11390,113

Rental OccupiedRental Occupied – – (35.41%)(35.41%) – – 63,88163,881

Vacant Vacant – – (14.65%)(14.65%) – – 26,41226,412



Southern Dallas Rental UnitsSouthern Dallas Rental Units

Total Rental and Vacant UnitsTotal Rental and Vacant Units – – 90,29390,293 Subsidized/Deed Restricted UnitsSubsidized/Deed Restricted Units

DHA owned / DHA LIHTCDHA owned / DHA LIHTC – – 32273227

Section 8 VouchersSection 8 Vouchers – – 10,21410,214 LIHTCLIHTC – – 18,92818,928

PSHPSH – – 717717 Total Identified to DateTotal Identified to Date – – 33,086 (37%)33,086 (37%)

HUD loansHUD loans -- ???????? TIF loansTIF loans -- ????????



Southern Dallas Housing TaskSouthern Dallas Housing TaskForceForce

New Information?New Information?

Discussion of Strategies / GoalsDiscussion of Strategies / Goals

southern dallas housing task force august 4

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