Developers and policy makers alike are looking for more certainty when it comes to affordable housing in the city of Dallas.
Trammell Crow Co. and MetLife Inc "have agreed to foot $115,000 for an Urban Land Institute affordable-housing study," reports Robert Wilonsky.
The study follows a controversial case from August 2015 that pitted Trammell Crow Co. against the city of Dallas over how many affordable housing units to include in a large mixed-use development proposal on Klyde Warren Park.
The ULI/Trammell Crow study is one expected to help the city craft an affordable housing policy—something conspicuously lacking in the city. According to Wilonsky, "the ULI study is just one of several long, hard looks [the City Council's Housing Committee] will take at affordable housing before taking policy proposals to the council before the summer break. The Housing Committee’s already heard from Houston [pdf]; the city of Austin, Habitat for Humanity, The Real Estate Council and others are expected to make trips to city hall in coming months as well."
FULL STORY: Trammell Crow Co. to fund affordable-housing study as Dallas wrestles with crafting policy
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