With high rents, affordable housing units add options to lower-income households in areas with more opportunities
But out of the 87 units in the complex, 71 are reserved for renters making 60% or less of the area median income – or about $63,000 a year.Parents living at Kiva East also get a valuable perk: free childcare for pre-K-age kids. The Bezos Academy’s Old East Dallas location is Since its launch, the Dallas Housing Opportunity Fund has raised nearly $30 million, including $7.5 million from Sunflower Bank and $10 million from Truist Bank, and is on track to open more than 400 affordable housing units to area renters.
“If you are building on the outskirts of town by the gas station and food desert, with no schools and no transit, you don’t want to live there,” Spivak said. “How can you expect someone else to live there and have a successful life and have educated children?”Rep. John Bryant, D-Dallas, lives about a mile from Kiva East apartments. He spoke to the group on Thursday about the need to support policy solutions at the state level that spur more affordable housing development.
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