A Dallas County “sub-courthouse” has been transformed into a new apartment complex near the Bishop Arts District.
Candy’sDirt reports that over 200 apartments are available, offering studios as well as two- and three-bedroom units.
400 South Beckley Ave. will have 184 units for families earning at or below 60% of the area median income, which is about $38,000 per year for an individual. The rest of the units, 46 in total, will be rented at market rate.
Here is more of what CandysDirt revealed about this repurposed site:
More than 200 apartments just became available to North Oak Cliff renters, and they’re in the sweet spot of affordability.
Dallas County and Catholic Housing Initiative opened the 230-unit mixed-income Gateway Oak Cliff development in July. The $45 million project was funded in part by Oak Cliff Gateway Tax Increment Financing dollars.
The apartment complex at 400 South Beckley Ave. will feature 184 units designated for families earning at or below 60 percent of the Area Median Income (about $38,000 per year for an individual). The remaining 46 units will be rented at market rate. The development was reportedly 70% leased in June.
The Oak Cliff Gateway TIF funds provided a $4.2 million boost, which covers environmental remediation, public infrastructure improvements, and an economic development grant. Other funding sources include federal housing tax credits from the Texas Department of Housing and Community Affairs.
The apartment complex near the Bishop Arts District features studios and two- and three-bedroom units, and it used to be a Dallas County “sub-courthouse.” Dallas County owns the three-acre site.
Dallas Ranks No. 2 in the Nation For New Apartment Construction
The Dallas metro area ranks No. 2 in the nation with 32,932 new apartments set to be completed this year and 108,178 new apartments by 2028, according to an Aug. 22 report published by Rent Cafe. New York holds the No. 1 spot.
Source: Rent Cafe
Much ado has been made about whether Dallas needs more apartments. The ForwardDallas 2.0 comprehensive land use plan, under review by the City Council, encourages density in appropriate areas and design standards so that duplexes and triplexes built near established neighborhoods are compatible with the surrounding development.
A vocal contingent of Dallas homeowners has fought the plan, saying it would make it easier for developers to rezone single-family land into multifamily in a hostile takeover. Several compromises were made last week and the plan is set for a public hearing at a Sept. 25 Dallas City Council meeting.
Meanwhile, apartments are being approved in almost every City Council district, and many agree that the already dense area near Bishop Arts is a prime spot for such development. Dallas County Commissioner Elba Garcia said the Gateway Oak Cliff project is a “golden opportunity.”
“We can go ahead and create affordable housing,” Garcia said in a July story published by NewsRadio 1080 KRLD. “We’ve all seen the gentrification that has been taking place in North Oak Cliff, especially around Bishop Arts.”
Joe Dingman, Catholic Housing Initiative co-founder, said the project represents a philosophical diversity.
“We didn’t want it to be 100% affordable and we’re not interested in having it be 100% market,” Dingman said in the KRLD report. “It’s a massive housing opportunity for the community.”
