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The "GO BIG D" housing initiative in Dallas aims to address the city's housing needs by transforming city-owned properties into 150,000 new housing units by the year 2035 (15,000 homes per year for the next 10 years).
In 2024, the Dallas Metro area continues to experience a significant shortfall in workforce and attainable housing, driven by robust population growth and economic expansion. The region needs approximately 629,000 workforce housing units to meet the demand of households earning between 80% and 120% of the area median income (AMI) [DFW Housing Market Forecast 2024 - Dallas Real Estate Trends]
This shortage highlights the ongoing need for housing solutions that cater to middle-income workers, such as teachers, nurses, and first responders. Addressing this gap remains crucial for sustaining the area's economic vitality and ensuring affordable living options for its essential workforce.
Dallas-Fort Worth (DFW) is projected to become the largest metropolitan area in the United States by 2100. Studies suggest that the population of DFW could reach nearly 34 million people, surpassing New York City, Los Angeles, and other major cities. This growth projection is based on current trends and data from the U.S. Census Bureau, which show that DFW has been one of the fastest-growing metro areas in the country over the past decade. Dallas-Fort Worth Could Become America's Most Populated Metropolis by the End of the Century | Dallas Observer]
Several factors contribute to this expected growth, including DFW's strong economic environment, relatively affordable cost of living, and significant domestic and international migration. Texas' pro-growth policies, which attract businesses and individuals from other states, particularly from California, also play a crucial role.
However, the projection comes with caveats, such lack of attainable housing, as potential infrastructure limitations, water scarcity, and the impacts of climate change, which could influence future growth.
The "GO BIG D" housing initiative in Dallas aims to address the city's housing needs by implementing various strategies. These strategies may include incentivising developers to build affordable housing units, streamlining the permitting process for new construction, revitalizing city-owned underutilized areas for housing development, and investing in infrastructure to support housing growth. Additionally, the initiative will involve public-private partnerships, community engagement, and funding mechanisms to achieve its goal of constructing 150,000 new homes by 2035 (15,000 new housing units per year X 10 years).
To estimate how many housing units could be built on 50,000 acres of City of Dallas-owned properties, several factors need to be considered, including zoning regulations, land use designations, and density allowances. However, a general approach can provide a rough estimate.
Key Factors:
Zoning and Density Regulations:
Land Use and Infrastructure:
Calculation Examples:
Single-Family Development (Low Density):
50,000 acres X 4 units/acre = 200,000 units
Multi-Family Development (High Density):
50,000 acres X 20 units/acre} = 1,000,000 units
Mixed Use Development
(50,000 acres X 0.5) X 4 units/acre} = 100,000 single-family units
(50,000 acres X 0.5 ) X 20 units/acre = 500,000 multi-family units
100,000 units + 500,000 units = 600,000 total units
Conclusion:
The number of housing units that can be built on 50,000 acres of City of Dallas-owned properties could range from approximately 200,000 units (low-density single-family homes) to 1,000,000 units (high-density multi-family housing), depending on the zoning and development plans. A mixed-use approach could yield around 600,000 units, balancing both types of housing developments.
The GO BIG D housing initiative in Dallas involves a multifaceted approach to achieve its goal of building 150,000 new homes by 2035.
This will include strategies such as:
City of Dallas Owned Land Bank: Assuming a mix of 50% single-family homes and 50% multi-family housing units, the GO BIG D housing initiative would need approximately 12,500 acres.
The program would transform non and under-performing assets into much needed workforce housing and ongoing tax revenue.
Market Study & Report : Engage RCLCO and House X Real Estate Brokers to determine the market demand and match the demand with target city-owned property.
Zoning and Regulatory Reforms: Streamlining zoning and permitting processes to encourage more housing development and reduce barriers to construction.
Public-Private Partnerships: Collaborating with private developers to invest in and construct new housing units, particularly affordable housing. The city would participate as the “land bank” for the properties (potentially discounting by 25% from appraised value.
Mixed-Use Development: Promoting mixed-use developments that combine residential, commercial, and recreational spaces to create vibrant communities and maximize land use efficiency.
Incentives and Subsidies: Offering financial incentives, tax credits, or subsidies to developers and homeowners to encourage the construction of new housing units, especially in areas of high demand.
Community Engagement: Engaging with residents, community organizations, and stakeholders to ensure that housing initiatives meet the needs and preferences of local communities.
Infrastructure Investment: Investing in infrastructure such as transportation, utilities, and amenities to support housing development and enhance the livability of neighborhoods.
Affordable Housing Policies: Implementing policies to ensure that a portion of new housing units are affordable to low- and moderate-income households, such as inclusionary zoning or affordable housing mandates.
By combining these strategies and possibly others, "The GO BIG DREAM" initiative aims to create a diverse and sustainable housing market that accommodates the needs of Dallas residents and contributes to the city's long-term growth and prosperity.
The largest public and private employers in the Dallas Metro Area are significant contributors to the local economy, spanning various industries. Here are some of the notable employers in both categories:
Largest Public Employers:
1. Dallas Independent School District (DISD)
- Industry: Education
- Employees: Over 20,000
2. City of Dallas
- Industry: Government
- Employees: Over 13,000
3. Dallas County
- Industry: Government
- Employees: Approximately 6,800
4. University of Texas Southwestern Medical Center
- Industry: Healthcare and Education
- Employees: Approximately 14,000
5. Parkland Health & Hospital System
- Industry: Healthcare
- Employees: Over 9,000
Largest Private Employers:
These employers are critical to the region's economy, providing a wide range of job opportunities across various sectors, including education, healthcare, finance, and technology.
1. Amazon
- 35,000 employees in the area
2. AT&T
- Industry: Telecommunications
- Employees: Over 17,000 in the Dallas area
3. American Airlines Group
- Industry: Aviation
- Employees: Over 30,000 in the Dallas-Fort Worth area
4. Baylor Scott & White Health
- Industry: Healthcare
- Employees: Over 23,000 in the North Texas region
5. Texas Health Resources
- Industry: Healthcare
- Employees: Approximately 24,000
6. Bank of America
- Industry: Financial Services
- Employees: Over 15,000 in the Dallas area
7. Lockheed Martin Aeronautics
- Industry: Aerospace and Defense
- Employees: Approximately 18,000 in the Fort Worth area
8. JPMorgan Chase & Co.
- Industry: Financial Services
- Employees: Over 13,000 in the Dallas area
9. Southwest Airlines
- Industry: Aviation
- Employees: Over 10,000 at its headquarters in Dallas
10. Goldman Sachs*
- Industry: Financial Services
- Employees: 5,000
* Goldman Sachs' new headquarters in Dallas, Texas, is expected to employ approximately 5,000 people upon completion. The building is projected to be finished by 2027.
11. PepsiCo
12. Fidelity Investments
13. Capital One
14. Citi
15. Verizon
16. EY (Ernst & Young)
17. IBM
18. Deloitte
19. Toyota North America
20. Texas Health Resources
21. PwC (PricewaterhouseCoopers)
22. State Farm
23. GM Financial
24. Ericsson
25. Bell Flight
* Charles Schwab is projected to employ 7,000+
QUANTUM AMERICA (aka ADMARES) would provide high performance single family and multi-family housing units at $115 to $120 per square foot to local developers, builders and sponsors.
Assuming that the property is fully entitled and the infrastructure is in place, the single family homes can be installed in less than 12 hours.; the multi-family complex (up to 350 units) can be installed in less than 60 days.
• Lower monthly total cost of ownership
• Lower price per square foot
• Lower mortgage payments
• Lower energy payments
• Lower property taxes
• Lower insurance premiums
• Lower maintenance demands
The launch of the GO BIG D Housing initiative would be the unveiling of “The Moonshot Home”.
The Mission is to Save The New American Dream of home ownership.
• Make it attainable -affordable
• Make it available - anywhere in D-FW metroplex
• Make it stronger - resilient, fortified
• Make it healthier - water, air, lighting
• Make it efficient - sustainable
• Make it smarter - connected
• Make it a hybrid - DOE Zero Energy Ready
• Make it ADA -more livable
• Make if faster - build in one day
• Make it a model - to be replicated
• Make it beautiful - inside and out
• Made in Texas
The Potential Stakeholders include:
QUANTUM AMERICA™
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