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The American Dream with a Deadline
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).
GO BIG D: White Paper
150,000 New Housing Units by 2035
The “GO BIG D” initiative is a strategic response to Dallas’s critical shortage of attainable housing. Aiming to construct 150,000 new housing units by 2035—averaging 15,000 units annually over the next decade—this plan focuses on transforming city-owned properties into vibrant, affordable communities. By leveraging public-private partnerships, regulatory reforms, and community engagement, “GO BIG D” seeks to ensure that Dallas remains a beacon of opportunity and growth for all its residents.
The Housing Challenge in Dallas
As of 2024, the Dallas-Fort Worth (DFW) metro area faces a significant shortfall in workforce and attainable housing, driven by robust population growth and economic expansion. The region requires approximately 629,000 workforce housing units to meet the demand of households earning between 80% and 120% of the area median income (AMI). This shortage underscores the urgent need for housing solutions that cater to middle-income workers, such as teachers, nurses, and first responders, to sustain the area’s economic vitality and ensure affordable living options for its essential workforce.
Projected Population Growth
DFW is projected to become the largest metropolitan area in the United States by 2100, with studies suggesting a population nearing 34 million, surpassing New York City and Los Angeles. This anticipated growth is attributed to factors such as a strong economic environment, relatively affordable cost of living, and significant domestic and international migration. However, this projection also highlights the necessity for proactive housing strategies to accommodate the burgeoning population.
The “GO BIG D” Initiative
The “GO BIG D” initiative aims to address Dallas’s housing needs through a multifaceted approach:
1. Utilizing City-Owned Land: Transforming underutilized city-owned properties into housing developments. Assuming a mix of 50% single-family homes and 50% multi-family housing units, the initiative would require approximately 12,500 acres to achieve the target of 150,000 units.
2. Zoning and Regulatory Reforms: Streamlining zoning and permitting processes to encourage more housing development and reduce barriers to construction. This includes reducing minimum lot sizes and allowing for higher-density developments to maximize land use.
3. 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 offering discounts from appraised values to incentivize development.
4. Mixed-Use Development: Promoting developments that combine residential, commercial, and recreational spaces to create vibrant communities and maximize land use efficiency.
5. 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.
6. Community Engagement: Engaging with residents, community organizations, and stakeholders to ensure that housing initiatives meet the needs and preferences of local communities.
7. Infrastructure Investment: Investing in infrastructure such as transportation, utilities, and amenities to support housing development and enhance the livability of neighborhoods.
8. 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.
Potential Sponsors and Stakeholders
The success of “GO BIG D” relies on collaboration with major public and private employers in the Dallas Metro Area, including:
Public Employers:
• Dallas Independent School District (DISD)
• City of Dallas
• Dallas County
• University of Texas Southwestern Medical Center
• Parkland Health & Hospital System
Private Employers:
• Amazon
• AT&T
• American Airlines Group
• Baylor Scott & White Health
• Texas Health Resources
• Bank of America
• Lockheed Martin Aeronautics
• JPMorgan Chase & Co.
• Southwest Airlines
• Goldman Sachs
• PepsiCo
• Fidelity Investments
• Capital One
• Citi
• Verizon
• EY (Ernst & Young)
• IBM
• Deloitte
• Toyota North America
• State Farm
• GM Financial
• Ericsson
• Bell Flight
• Charles Schwab
These organizations are critical to the region’s economy and can play a pivotal role in supporting housing initiatives that benefit their workforce and the broader community.
Conclusion
The “GO BIG D” initiative represents a bold and necessary step toward addressing Dallas’s attainable housing crisis. By leveraging city-owned land, fostering public-private partnerships, and implementing comprehensive housing strategies, Dallas can create a sustainable and inclusive housing market that supports its growing population and economic prosperity. This initiative not only aims to meet the immediate housing needs but also to lay the foundation for a resilient and vibrant community for generations to come.
Property Listings for GO BIG D & Texas Miracle Marketplace
Contact Information:
• Full Name:
• Phone Number:
• Email Address:
Property Information:
• Property Address:
• City:
• County:
• ZIP Code:
Property Details:
• Type of Property:
• Single-Family Home
• Townhouse
• Condominium
• Multi-Family Unit
• Land
• Other (please specify)
• Square Footage (if applicable):
• Lot Size (acres):
Pricing Information:
• Listing Price:
• Estimated Property Value (if available):
Property Features and Amenities:
• Number of Bedrooms (if applicable):
• Number of Bathrooms (if applicable):
• Year Built (if applicable):
• Energy Efficient Features:
• Resilient Design Features (stormproof, fireproof, etc.):
• Proximity to Public Transportation, Schools, or Amenities:
Additional Information:
• Description: (Provide a brief description of the property, including any unique features or benefits.)
• Upload Images: (Provide up to 5 images to help showcase your property.)
• Are you open to developer partnerships?
• Yes
• No
Upon submitting your property, our team will review your listing and publish it in the Texas Miracle Marketplace. Thank you for contributing to the future of housing in Texas – let’s make Texas 2025 a reality.
The Problem
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.
The “GO BIG Dream” Housing Initiative
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:
- Single-Family Homes: Typically, suburban single-family zoning might allow 2-4 units per acre.
- Multi-Family Housing: Higher density zoning could allow 10-50 units per acre, depending on the type of development (e.g., townhouses, apartments).
Land Use and Infrastructure:
- Some of the land might be reserved for infrastructure (roads, utilities), parks, and other public uses, which would reduce the net buildable area.
Calculation Examples:
Single-Family Development (Low Density):
- If 50,000 acres are developed with single-family homes at a density of 4 units per acre:
50,000 acres X 4 units/acre = 200,000 units
Multi-Family Development (High Density):
- If 50,000 acres are developed with multi-family housing at a density of 20 units per acre:
50,000 acres X 20 units/acre} = 1,000,000 units
Mixed Use Development
- Assuming a mix of 50% single-family homes at 4 units per acre and 50% multi-family housing at 20 units per acre:
(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 Plan
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 Potential Sponsors are the Largest Employers
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+
THE SOLUTION: High Performance Housing Provided in Hours, Not Years.
QUANTUM AMERICA would provide high performance single family and multi-family housing units at $130 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 IN BIG D
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:
- City of Dallas
- Dallas Area Habitat For Humanity
- HUD
- Texans For Reasonable Solutions
- Quantum America (ADMARES)
- GOswick & Associates - Marketing
- RCLCO - Research
- Lake Flato
- Texas A&M University System (TAMU)
- Dallas Association of Home Builders
- Insurance Institute For Business & Home Safety (IBHS)
- Texas Association of Realtors
- Public Employers
- Private Employers - Sponsors
