With Housing Affordability Hitting Crisis Levels, Developers Lean Into Public-Private Partnerships As the nation hurtles toward a recession, housing developers are asking for extra help from the public sector to prevent the affordability crisis from spiraling further out of control. In Dallas, for instance, city data shows there is a Metroplex-wide shortage of 85,000 units for households making less than 80% of the area median income. That deficit jumps to roughly 186,000 units when the threshold is lowered to 50% AMI, according to the National Low Income Housing Coalition. Yet there are fewer than 12,000 units supported by housing programs in production in Dallas — a stark reminder of just how much work still needs to be done to meet demand. “It’s a drop in the bucket,” city of Dallas Director of Housing and Neighborhood Revitalization David Noguera said. “We’ve got to build new tools and adjust our policies to really build at scale.”DFW is not alone — across the nation, a record housing shortage is… Read the full story here. |