Where to live in Dallas?

With over 13,000 restaurants and 4.6 million people to meet it would take a lifetime to experience everything The Big D has to offer. It's the 9th largest city in the U.S. and home of "America's Team." 100,000 people move here every year, and we are second only to NY in the amount of apartments built within this past year. The economy is thriving while cost of living remains reasonable, there's never been a better time to be in Dallas. Keep an eye out for Deep Ellum and Victory Park as two new high rises are currently going up. Brand new luxury apartments are going up all over the Metroplex.  If you're new to Dallas, check out our Dallas Relocation Guide

The Culture - Dallas, TX

From Uptown to Bishop Arts, there is so much happening in Dallas and its surrounding suburbs. You can see and do it all in Dallas' many distinct neighborhoods. Click to find out what makes our favorite neighborhoods so special.

 
 

2020 Best Public Schools in DFW

1: Carroll ISD

2: Highland Park ISD

3: Lovejoy ISD

4: Coppell ISD

5: Allen ISD

6: Grapevine - Colleyville ISD

7: Plano ISD

8: Frisco ISD

9: Aledo ISD

10: Prosper ISD

Article : TIF Affordable Housing in Dallas

Currently, Dallas has 18 active TIF districts, all of which have allocated funding set in place for area-specific transformations. These transformations can take many forms: improved retail/restaurant space, art galleries, office, and hotel space; and what we’re most interested in – residential units. All housing developments in the districts that receive TIF funding are required to set aside 20% for families earning less than 80% of Area Median Family Income (AMFI). 

Translated, the city recognizes that while area redevelopment is a good thing, residents in those areas who make less than the average income shouldn’t be forced out justbecause the redevelopment increases the cost of living.

Qualifying for a TIF affordable housing unit in Dallas

There are about eight properties in Dallas that offer TIF housing units. Pricing for these allocated units reflects gross occupant income ranging from $36,540 to $59,850. This means that depending on if you have 1, 2 or 3 occupants on the lease, maximum monthly rent is established based on qualifying combined income. Here’s the gross income breakdown to qualify: 

  • 1 occupant – min. $36,540 to max. $46,550

  • 2 occupants – min. $41,940 to max. $53,200

  • 3 occupants – min. $45,468 to max. $59,850

Gross income includes combined base salaries and commissions, bonus structures, and any overtime. Qualified TIF renters are also still required to prove they make at least three times the monthly rent amount. Approved apartment rent for TIF housing studios, one-bedroom units, and two-bedroom units ranged from about $1,015 to $1300 in 2019.

  • Max. monthly rent for a TIF housing studio in 2019 was $1,015.

  • Max. monthly rent for a TIF housing one-bedroom unit in 2019 was $1,165.

  • Max. monthly rent for a TIF housing two-bedroom unit in 2019 was $1,263.

These units lease extremely fast, Legacy Locators can help.

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