Communities Foundation of Texas says a multi-million-dollar investment is step one to helping Dallas increase its housing stock.
As the fourth largest metro in the U.S. keeps growing, housing experts say North Texas housing needs grow too, along with pressure to not price out longtime residents.
Wayne White, CEO at Communities Foundation of Texas, announced Thursday a $50 million commitment to invest in housing strategies over the next five years.
“You can’t solve this problem with just $50 or $100-million but it starts the process moving,” White said.
A process that many believe requires builders and Dallas City Hall to work together to create more housing options for public servants like police officers, firefighters and teachers.
Dallas City Manager Kim Tolbert said the city builds and preserves just over 10,000 homes annually, between renters and homeowners, a figure that needs to grow in the coming years.
“It’s an economic stability and opportunity challenge,” Tolbert said.
A team comprised of members of Habitat for Humanity, the Bush Institute, CFT, Child Poverty Action Lab and Greater Dallas Planning Council will also collaborate on House DTX to advance housing policy.
The alliance plans to release a housing scorecard in 2026 to track the annual progress of how well Dallas is stabilizing its housing stock.
“It will take us many years; this is a long-term investment,” White said.