Dynamic CRE & Housing Solutions - Dynamic Commercial Real Estate
The Land Experts - Affordable Housing
Description: Affordable Housing
[email protected] | 214.405.3507 | One Galleria Tower | 13355 Noel Road, Suite 1100 | Dallas, TX 75240
Who We Are The Land Experts, a consultant and co-developer of premier affordable rental housing, was founded in 2014. Since it’s inception, TLE has participated in 9 affordable housing communities in Texas totaling 1,440 apartment units, with another 510 units planned. These first-class rental communities are located in Fort Worth, Denton, Garland, Glenn Heights, Anna, Van Alstyne, Crowley, Farmersville, and coming soon to Dallas, Venus, Port Aransas and Midland. The sole principal, Kim Parker Schwimmer,
Why the Need for Affordable Housing? Home prices are rising twice as fast as wage growth and nearly 2/3 of renters cannot afford to buy a home. Additionally, studies show nearly half of all renters are cost-burdened, meaning they spend 30% or more of their income on rent! Therefore, in order to afford average DFW rents plus utilities of $1,500 per month, one would have to earn $60,000 per year or more. To exacerbate the issue, the high cost of land and construction make it virtually impossible for develope
Dynamic CRE & Housing Solutions - Dynamic Commercial Real Estate
The Land Experts - Affordable Housing