JPI has secured both land and construction financing for a new income-restricted rental community in southern Dallas, setting the stage for work to begin this month. The project, known as Torrington Forest, is planned for a nearly 17-acre site at 7100 S. Great Trinity Forest Way, with delivery currently anticipated in mid-2028.
The development will bring 248 rental homes to the area, with a significant share reserved for households at lower income levels. According to the project plan, 222 homes will be restricted to residents earning up to 60 percent of the area median income, while 13 homes will be reserved for households at 70 percent of AMI. The remaining homes are part of the overall 248-unit program for the mixed-income community.
Financing for Torrington Forest is being supported by 4% Low-Income Housing Tax Credits administered by the Texas Department of Housing and Community Affairs. These tax credits are a key component of the capital stack and are intended to help maintain affordability across the restricted income tiers. The structure underscores the role of public-sector programs in advancing income-restricted multifamily development.
The project site is ground-leased to the development partnership by an affiliate of the City of Dallas Housing Finance Corporation under a long-term agreement. In addition to serving as ground lessor, the Housing Finance Corporation will act as the general partner in the development partnership, giving the public entity a direct governance role in the venture.
Torrington Forest is planned as a four-story multifamily community with a range of resident amenities. The amenity program will include a fitness center, a swimming pool, a community room, and a business center. In addition to the built environment, 6.3 acres of the property will be preserved as open space through a conservation easement, maintaining a portion of the site in a natural or low-intensity state.
With financing in place and construction commencing, the development is positioned to add new income-restricted housing capacity in southern Dallas over the next several years, subject to execution and delivery timelines through mid-2028.
