May 26, 2020
Inwood Station apartments becoming affordable housing
DALLAS – The Dallas Housing Authority has acquired Inwood Station apartments at 2727 Inwood Rd. near Love Field.The agency leased-back the asset to seller Fairfield Residential with requirements that at least 50 percent...
DALLAS – The Dallas Housing Authority has acquired Inwood Station apartments at 2727 Inwood Rd. near Love Field.
The agency leased-back the asset to seller Fairfield Residential with requirements that at least 50 percent of the project be used for affordable housing.
Affordable apartments must be rented to residents earning less than 80 percent of the area’s median income.
Built in 2018, the 347-unit project was last assessed at $28.8 million.
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Source: Dallas Morning News
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