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Dallas weighs support for 360-unit affordable housing project

Dallas weighs support for 360-unit affordable housing project

Built World Dallas, TX local

Public hearing on tax credit application for West Davis Family Apartments set for Sept. 9

Today: City Council agenda published

Overview

Updated 2 hours ago

A Dallas City Council hearing Wednesday will let residents weigh in on a 360-unit apartment complex planned for low-income families. The project, West Davis Family Apartments, needs the council's support to secure state tax credits that would finance its construction.

Dallas faces a shortage of affordable housing, and the project's fate hinges on a state allocation process where local support can make or break the application. The hearing is the public's chance to shape that decision.

Why it matters

If the tax credits are awarded, 360 low-income families get a place to live; if not, the project may never break ground.

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Key Indicators

360
Proposed housing units
West Davis Family Apartments would add 360 units for low-income residents.
4%
LIHTC rate requested
Application seeks non-competitive 4% Low Income Housing Tax Credits from TDHCA.
Sept 9, 2026
Public hearing date
City Council hearing to receive comments on the tax credit application.

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Organizations Involved

Timeline

2 events Latest: Today
  1. Public hearing on tax credit application

    Upcoming Hearing

    City Council receives comments on Dallas Leased Housing Associates XIII, LP's application for 4% LIHTC for West Davis Family Apartments.

  2. City Council agenda published

    Today Public notice

    Agenda lists public hearing for Sept. 9 on West Davis Family Apartments LIHTC application.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

October 1986

Low Income Housing Tax Credit creation (1986)

Congress created the Low Income Housing Tax Credit as part of the Tax Reform Act of 1986, giving states a federal incentive to spur affordable housing development. Developers receive tax credits over 10 years, which they sell to investors for upfront equity.

Then

Dozens of affordable projects launched across the country, funded by private capital attracted by the credits.

Now

LIHTC became the primary federal tool for producing and preserving affordable rental housing, funding nearly 3 million homes by 2020.

Why this matters now

West Davis Family Apartments relies on this same mechanism—the 4% non-competitive credit—to make its 360 units financially viable.

December 2017

2017 Tax Cuts and Jobs Act impact on LIHTC

The TCJA reduced corporate tax rates, which lowered the value of tax credits to investors. It also introduced a new 4% minimum floor for certain credits, helping some projects but capping others.

Then

LIHTC equity prices fell, forcing many developers to scale back or restructure projects to remain feasible.

Now

States adapted by adjusting allocation formulas and using new financing tools like tax-exempt bonds to keep projects alive.

Why this matters now

The hearing on West Davis occurs under this post-2017 environment, where credit pricing and local support matter more than ever for a 360-unit project's bottom line.

Sources

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