TDI Announces Strategic Emphasis on Workforce Housing for 2025

Dallas, Texas – January 23, 2025 – As we kick off a new year, TDI, a leading multifamily investment platform, is reaffirming its emphasis on creating workforce housing in 2025. Staying true to the company’s values, TDI remains committed to service – a pillar brought to life as it aims to curb the housing crisis in the Dallas-Fort Worth Metroplex and provide essential housing solutions for educators, first responders, law enforcement, and other individuals who serve our communities.  

“The issue of supply for workforce housing isn’t new or unique to D-FW, but it’s one that is escalating quickly and requires our full attention,” said Graham Johnston, Senior Vice President and Partner at TDI. “Our thriving job market has driven rapid population growth. However, rising inflation and the increasing cost of living have led to higher rents, making it difficult for many families to find housing that they are able to afford.”

In August of 2024, the Child Poverty Action Lab published a Rental Housing Needs Assessment revealing a significant shortage of affordable rental housing in Dallas. The report found a gap of 39,919 units for households earning at or below 50% of the Area Median Income (AMI), which is $48,700 for a family of four. Without prompt action, this gap is projected to grow to 76,073 units by 2035. For households earning up to 80% of AMI, the current shortage is even more severe, amounting to 62,746 units.

“By concentrating on workforce housing, we aim to make a meaningful impact on the housing shortage and provide communities for individuals who are the backbone of our society,” said Patrick Crawford, Senior Vice President and Partner at TDI. “Think about people like our first responders, teachers, and other public officials. They deserve affordable housing options close to their places of employment.” 

Currently, nearly half of TDI’s portfolio, 4,340 homes, provides workforce housing solutions, including four communities established with local partnerships, and each is structured so that half of the units are set aside for families who need attainable housing.  

In late 2024, TDI converted another five deals, 1,975 homes, in the DFW Metroplex to fall under a similar structure and will work over the coming months to make these housing solutions available to future residents. 

“The increased cost of homeownership coupled with the lack of supply for workforce housing has created the perfect storm,” said Johnston. “Because of our drive and strong partners, we’ve been able to make some headway in the last 12 months, but our work is just getting started.”

For more information about TDI’s workforce housing initiatives and investment opportunities, please visit www.tdire.com.

About TDI

TDI is a multifamily investment and operating company owned by Bobby Page, Ron Ingram, and Brad Taylor, the former owners of JPI. While at JPI, they led the company to develop 115,000 apartment homes across 380 communities, representing $18 billion of value. Having recently sold the JPI operating company platform to Sumitomo Forestry America, Inc. in November of 2023, TDI retained 31 real estate projects with a total valuation of $3.7 billion.  

To learn more about TDI, please visit www.tdire.com