About Us

In 1993, the Founders launched the Denton Affordable Housing Corporation as a vehicle to increase opportunities for lower-income residents to obtain affordable housing in decent neighborhoods. A lack of decent housing damages the economic and social well-being of families and degrades the quality of life for the entire community. Because affordable housing needs of low-income households were not being met by private developers, DAHC’s Founders were confident that a nonprofit housing developer and provider could fill that unmet need. Over the past 20 years, DAHC has made a difference in families’ lives, and has had a positive impact on the overall community.

The Growing Need for Affordable Housing

Affordable housing is crucial for low-to-moderate income households. Not only is the economic and social well-being of these families at risk, but social problems can occur when working families face a shortage of affordable housing. Family disruption, overcrowding and congestion degrade the quality of life in the community for all residents.

For businesses, the ability to attract and retain labor depends on the availability of affordable housing. In high-priced areas like Denton County, people who provide vital services – teachers, firefighters, police officers, hospital workers, restaurant employees and retail clerks – have difficulty finding affordable places to live. Despite the obvious need, opposition to providing affordable housing exists in Denton.

The general rule is that a family should not spend more than 30% of its income on housing. Unfortunately, a recent six-year study by the Center for Housing Policy revealed that the number of low and moderate income working families paying more than half their income for housing increased 76%.

A full-time job doesn’t guarantee families a decent, affordable place to live.

A comparison of local housing costs with workers’ wages reveals that none could afford to buy a median-priced home in Denton. In 2011 that cost was $151,619 and in 2015 it jumped up to $214,979. Teachers with fewer than five years’ experience, entry level police officers and firefighters, and mail carriers earn less than $60,000 a year in Denton (teacher’s: $52,000, police officers: $56,000, and firefighters: $56,00).   The Median Household Income in 2013 was $43,976.  Using a formula that estimates home purchasing power at 2.5 times the annual salary, these workers could not afford to buy a home in Denton. Of the 497 non-academic job titles at the University of North Texas, only 86, or 17%, earn salaries high enough to support the purchase of a $100,000 home. According to the Real Estate Center at Texas A&M University, 38.8% of the homes sold in Denton County in 1997 were priced below $100,000, and by 2005, that percentage had fallen to 9.6%.

The median price for a home in the Denton area is more than 20% higher than the median for the state as a whole. The fair market rents in the area far exceed what low-income working families are able to pay. Obviously, DAHC’s services are needed in Denton.

Meet Our Staff

DAHC3

L-R: Gordon Young, Renovation Manager; Jennifer Love-Fritts, Accounting Coordinator; Jennifer Collins, Rental Coordinator; Casey McCullen, VISTA Volunteer

Board of Directors

Board Member
Office
Contact Information
Rebecca Arnold
Member
Rebecca@ddahc.org
Barney Cosimo
President
Barney@ddahc.org
(940) 297-9378
Marc Moffitt
Member
Marc@ddahc.org
Prudence Sanchez
Member
Prudence@ddahc.org