In a recent government meeting, officials highlighted the ongoing efforts to support first-time homebuyers and enhance affordable housing in Garland. The discussion revealed a significant shift in the housing market, with the average mortgage value decreasing from $91,000 in 2014 to approximately $266,000 in 2023, attributed largely to rising interest rates that have limited borrowing capacity for many residents.

The city is actively engaged in various initiatives to address housing affordability, including a down payment assistance program and mortgage credit certificates. Currently, Garland partners with nine existing multifamily communities, providing around 1,600 residential units designated for affordable housing. Notably, 348 of these units are reserved for residents aged 55 and older.

In addition to existing projects, six new communities are under construction, which will add 1,076 affordable units to the city’s housing stock. Once completed, Garland will boast approximately 2,700 affordable units, with 764 specifically allocated for seniors.

The meeting also detailed specific developments, such as a senior community on Beltline Road, which offers 204 units at 60% Area Median Income (AMI), allowing residents earning no more than $43,000 annually to qualify. The affordability challenges were underscored by the current rental market, where a one-bedroom unit is considered affordable at $1,100 per month, posing difficulties for those earning below $43,000.

Other projects discussed included Hometown on Garland, a senior community with 144 units, and 190 Firewheel, a workforce housing initiative with a mix of affordable and market-rate units. The officials emphasized the importance of these developments in providing essential housing options for low- and moderate-income residents in the community.

As construction progresses on additional projects, including a senior community set to open in early 2025 and a workforce housing complex, Garland continues to prioritize affordable housing solutions to meet the needs of its residents.