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Southern Dallas Housing Task Force

Affordable Housing and Community Goals

August 4, 2011

Southern Dallas Housing Task Force

Goal Develop Recommendations regarding Subsidized Housing for Oak Cliff and Southern Dallas
Approach from perspective of impact on community viability
Ability to attract jobs, retail, services Increase per capita income from $13,542 Increase education levels

Southern Dallas

Southern Dallas A Demographic Profile

Southern Dallas A demographic wish list

Improve per capita income
Set goals to match greater Dallas region

Improve education levels

High school graduation rates College graduation rates

Subsidized Housing
Rental vs. Owner-occupied General Population vs. Elderly Sources of subsidies
Dallas Housing Authority
Section 8 vouchers DHA owned properties Low Income Housing Tax Credits (LIHTC) Permanent Supportive Housing

Subsidized Housing (contd)

Private Developers / Non-profits
Section 8 vouchers

HUD loans Tax Increment Financing

Subsidized Housing by Council District

City of Dallas Low Income Housing Tax Credit Projects

1990 1999
9751 units created 49.91% in southern Dallas

2000 2010
9867 units created 80.02% in southern Dallas

City of Dallas Low Income Housing Tax Credit Projects

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

Typical projects are rehabs

15-20 years building life span 30 year deed-restricted
40 years with HUD financing

Income of tenants deed-restricted

50-60% of median income Median Family income in Dallas $68,300

Southern Dallas Housing Profile

(per City of Dallas 2008)

Total Housing Units 180,406

Owner Occupied (49.95%) 90,113 Rental Occupied (35.41%) 63,881 Vacant (14.65%) 26,412

Southern Dallas Rental Units

Total Rental and Vacant Units 90,293 Subsidized/Deed Restricted Units
DHA owned / DHA LIHTC 3227 Section 8 Vouchers 10,214 LIHTC 18,928 PSH 717
Total Identified to Date 33,086 (37%)

HUD loans - ???? TIF loans - ????

Southern Dallas Housing Task Force

New Information? Discussion of Strategies / Goals