{"id":184440,"date":"2026-02-28T12:15:08","date_gmt":"2026-02-28T12:15:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/184440\/"},"modified":"2026-02-28T12:15:08","modified_gmt":"2026-02-28T12:15:08","slug":"goldman-sachs-investing-in-dallas-fort-worths-missing-middle-housing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/184440\/","title":{"rendered":"Goldman Sachs investing in Dallas-Fort Worth\u2019s \u2018missing middle\u2019 housing"},"content":{"rendered":"

As Goldman Sachs grows its presence in Dallas, its investments in the city\u2019s housing communities are also taking shape.<\/p>\n

Following a tour of a community in Far North Dallas that Goldman Sachs had invested in, Asahi Pompey, the global head of Goldman Sachs\u2019 office of corporate engagement, said the bank\u2019s investments happen where the company knows the community.<\/p>\n

\u201cWe invest where our people work and live and certainly as we think about the Goldman Sachs footprint, Dallas is now \u2026 our second biggest office,\u201d Pompey said. \u201cOur building is being constructed, so we have deep roots in Dallas and part of that is our commitment to build affordable housing.\u201d<\/p>\n

The Fortune 500 bank has housing investments across the country, with concentrations in cities like New York, California and Utah. As Dallas becomes a more prominent site for the bank\u2019s operations, its real estate investments in the area are also a focus for the company. <\/p>\n

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Goldman\u2019s growing presence in Dallas includes a new office building, which reached its highest point of construction in November<\/a> and is expected to be completely finished by 2028. Employees are being pressed to move to Dallas<\/a> as part of the company\u2019s efforts to grow talent in the region.<\/p>\n

Goldman has invested about $350 million in housing developments in the Dallas-Fort Worth area across 20 different projects, Pompey said. <\/p>\n

One of the bank\u2019s investments, the Residence at North Dallas, is a housing complex located at 18665 Midway Rd., at the northern edge of the city. <\/p>\n

Goldman invested in the project in partnership with developers several years ago as the complexes expanded and renovated. Although the bank is an investor in the property, it isn\u2019t an owner or manager. The property is managed by CAF Management.<\/p>\n

Within the complex, a portion of the units are designed to be affordable to individuals making 80% of the area\u2019s median income, Pompey said. The project, which has over 1,000 total units, provides housing for people in the \u201cmissing middle\u201d who might make too much for subsidized housing, but could have difficulty affording market-rate housing, Pompey said.<\/p>\n

Available floorplans \u2014 from studios to two bedroom units \u2014 on the complex\u2019s website<\/a> have prices ranging from $771 to $1,475.<\/p>\n

The complex also has an after-school program for kids living at the development. The Kids-U Learning Center<\/a> serves kids from Kindergarten through eighth grade. The program has other locations across the Dallas area that serve low-income children.<\/p>\n

Banking companies have obligations to reinvest in the communities where they operate because of the Community Reinvestment Act. Banks will often invest in affordable housing to meet the act\u2019s obligations. <\/p>\n

Goldman has obligations to make impactful investments and does that through affordable housing, Pompey said.<\/p>\n

\u201cIn terms of what Goldman\u2019s getting out of it, we care deeply about impact,\u201d Pompey said. \u201cWe care about being responsive to communities.\u201d<\/p>\n

The banking company has invested in other sites in the area like Derby Park, an apartment complex in Grand Prairie that is opening an onsite after-school facility in May. <\/p>\n

The company also has also invested in projects like Timbale Terrace in New York, a mixed-use development that broke ground this month and the repurposing of the Anita Ferrales Coy Facility in Austin from a school to a housing development.<\/p>\n

Sometimes people can have a distant view of housing, Pompey said, but housing is fundamental, she said. <\/p>\n

\u201cIt\u2019s safety, it\u2019s security, it\u2019s dignity, all of those things,\u201d Pompey said.<\/p>\n","protected":false},"excerpt":{"rendered":"As Goldman Sachs grows its presence in Dallas, its investments in the city\u2019s housing communities are also taking…\n","protected":false},"author":2,"featured_media":184441,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[102,104,103,8111,111,23262,131],"class_list":{"0":"post-184440","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-dallas","9":"tag-dallas-headlines","10":"tag-dallas-news","11":"tag-new-homes","12":"tag-real-estate","13":"tag-real-estate-investment","14":"tag-residential-real-estate"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/184440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=184440"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/184440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/184441"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=184440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=184440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=184440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}