Oak Lawn Place Groundbreaking
The Resource Center of Dallas, a nonprofit offering services for the LGBTQ community and people affected by HIV and AIDs, broke ground May 12 on Oak Lawn Place, an affordable, senior housing development. Oak Lawn Place, located at 5723 Sadler Circle, will be an 84-unit senior housing development, and within walking distance of DART’s Inwood/Love Field station and The Resource Center campus.
The Office of Economic Development facilitated and City Council approved $5.4 million of gap funding from the Maple/Mockingbird Tax Increment Financing (TIF) District for the $31 million housing development. The project will be 100% affordable, and available to all seniors 55 and older, while prioritizing the needs of the LGBTQ community. The apartments will be income-restricted to those earning between 30% and 60% of the area median family income.
Oak Lawn Place will offer 79 one-bedroom units and 5 two-bedroom units in a new five-story building with a large outdoor terrace that overlooks a creek and, from the upper levels, allows for dynamic views of downtown Dallas. Additional amenities include a lobby, community room, mail room, conference/dining room, kitchen, fitness room, and a business center. The project is anticipated to open its doors in June 2024.
Other funding sources for the project were provided through a mix of government funding including 9% low-income housing tax credits from the Texas Department of Housing & Community Affairs, a grant from the Federal Home Loan Bank of Dallas, and federal funds from the American Rescue Plan Act granted through Dallas County. The Resource Center also raised $4 million.
The project is developed by Matthews Southwest, with Spring Valley Construction Co. serving as the general contractor.
For more information about the Maple-Mockingbird TIF District, contact Leslyn Blake, District Manager with the Office of Economic Development, at email@example.com, dallasecodev.org. For more information about Oak Lawn Place, contact The Resource Center, 214.521.5124, myresourcecenter.org.