'A new report from Child Poverty Action Lab reveals that nearly half of Dallas residents spent more than 30 percent of their income on housing, with senior renters and single parents comprising the bulk of these cost-burdened residents.
How did we get here? The most obvious answer is that building isn’t keeping pace with the growth of these income buckets. Dallas is increasing the number of units constructed, up from 61,900 in the 2000s to 71,000 in the 2012. But the rub is this: The city’s population grew by 10,000 people in the 2000s, and by about 100,000 the following decade. New construction didn’t keep pace.
Since 2010, only 9 percent of the new rental units in the city of Dallas have been deed-restricted affordable homes. The demand for those affordable homes continues to increase, along with rents. (Deed-restricted means it has restrictions on who can occupy it and how it can be used to ensure it remains affordable.)
Dallas ranks fourth out of the 12th largest cities for total affordable units per 1,000 residents. Still, only 17 percent of that deed-restricted stock is in high-opportunity neighborhoods, where a majority of the residents make at or above the city’s median income. Those high-opportunity neighborhoods often have better access to good schools, well-paying jobs, and resources. Because of this, Dallas ranks nearly last when it comes to how many rental units it has in high-opportunity areas.
But it’s not just an issue of supply and demand. Wages have not risen apace with the growth of rental costs. The city’s AMI is still below the county and region’s, at $63,985. Wages have grown since 2012, but the median Dallas household still earns up to nearly $20,000 less than a similar household elsewhere in the county or the region.
But a gap of 39,919 affordable units for households below 50 percent AMI doesn’t mean that there are nearly 40,000 families without a place to live, Flores says. It means these households are forced to economize in ways households that make more money do not. It also means they face more competition for available units.
“We actually have presently a sufficient number of rental units—if we’re not considering price,” Flores says. “So if we pretend every rental unit is free, then every renter household in the city of Dallas could access a rental unit. The problem, where we say we have a shortage, is when we start to organize that supply by price point.”'
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