Distinguished guests celebrate the launch of Gateway Oak Cliff, a private-public development initiative
DALLAS – (July 1, 2024) – Carleton Companies, Catholic Housing Initiative (CHI) and Dallas County hosted distinguished Dallas city and county guests to celebrate the official opening of Gateway Oak Cliff, a 230-unit, mixed-income housing community during a ceremonial ribbon-cutting.
Speakers included Dallas County Commissioner Dr. Elba Garcia (District 4); Sean Allen, representing Chad West, Dallas City Council member (District 1); Printice Gary, Managing Director & CEO of Carleton Companies; Sister Mary Anne Owens, SSND, president of Catholic Housing Initiative (CHI); and Joe Dingman, co-founder and treasurer of Catholic Housing Initiative.
Carleton Companies partnered with CHI and Dallas County through a $47 million public-private initiative to develop the much-needed three-acre project at South Beckley Avenue and East 12th Street in Dallas. Gateway Oak Cliff offers studios and one-, two- and three-bedroom apartments. Of the 230 units, 184 units are designated as affordable housing. Affordable housing targets individuals and families earning 60% or less of the Area Median Income (AMI), which is $46,000 for a single person and scales up to $66,000 for a family of four.
Gateway Oak Cliff offers stylish interiors and top quality amenities including a pool and courtyard with outdoor seating and barbeque grills, fitness center, club room, business center, library, playground, enclosed parking garage and controlled access gates.
“Our involvement in developing and managing Gateway Oak Cliff underscores our commitment to meeting the housing needs of a diverse community here in Dallas that is seeking quality housing for their families,” said Printice Gary, founder and managing partner of Carleton Companies.
The Gateway Oak Cliff site formerly housed a Dallas County administrative building, which was razed in late 2021. Dallas County and CHI currently own the rental community, with the county retaining possession of the three acres on which it sits.
Carleton Companies provided development and construction services, and Carleton Living is the property manager. Other project team members include HEDK (architect); Cross Engineering (engineers): Citigroup (construction and permanent lender); and National Equity Fund (tax-credit equity investor).
Carleton Companies has a history of helping communities where they develop and manage properties by working on initiatives like Gateway Oak Cliff. Similar Dallas projects developed by Carleton include Martha’s Vineyard Place, also the headquarters for the Deaf Action Center, and Serenity Place.
“We welcome the opportunity to transfer our business skills to a much-needed housing initiative benefiting hard-working families battling inflation and the overall increase in the cost of living,” said Gary. “We thank Dallas County, Catholic Housing Initiative and our industry partners for sharing our vision of quality housing.”
About Carleton Companies
Carleton Companies is a fully integrated owner, developer, and builder of high-quality multifamily assets across the South and Southwest United States. Since 1991, the firm has remained actively engaged in all aspects of the multifamily housing market, including development and construction, property management and financial services. For more information, visit www.carletoncompanies.com.
