Dallas to vote on funding affordable housing, as part of 2024 $1B bond
Housing is on the ballot and the funds are a moving target
By Joanna Cattanach, Program Coordinator
Dallas Media Collaborative
This Spring, Dallas residents will be asked to vote on an estimated $1 billion bond proposal the city says will address some of Dallas’ biggest concerns from parks to infrastructure funding to address ongoing repair to streets, bridges as well as funding for arts facilities including the Meyerson Symphony Center and Majestic Theatre.
But affordable housing advocates have asked the city to carve out $200 million to address housing gaps and the pressing need for affordable housing.
Courtesy of dallashousingcoalition via Instagram.
Dallas is among a growing number of metro areas tackling the affordable housing crisis through bond initiatives. In 2022, San Antonio voters approved $150 million for affordable housing projects as part of a $1.2 billion municipal bond. Austin also destined $350 millions for affordable housing projects.
But Dallas’ bond taskforce significantly reduced the original ask by half to $100 million, an amount that includes economic development and homelessness solutions. The breakdown would include $87 million toward housing with an estimated $67 million toward development and preservation specifically aimed at housing for people making 50% or less area median income (AMI) or $32,000 based on U.S. Census data.
Courtesy of the Dallas Media Collaborative, a collaborative reporting project focused on solutions to the affordable housing crisis in Dallas. The Dallas Media Collaborative was launched in 2020 by the Solutions Journalism Network with funding from the Knight Foundation. Find out more at dallasmediacollab.com.
