Dallas, Texas
Projected Home Prices: $63,000
Median Home Price in the Metropolitan Statistical Area: $129,000
Description: The Community Development Partnership is an alliance between the federal and local government, banks, businesses, foundations, and associations to obtain contracts, grants, community investment funds, and flexible lines of credit that will expand housing for low- to moderate-income families in the South Dallas/Fair Park community.
Each year, the partnership has surpassed itself. In 1995-96, 25 homes were fully rehabilitated. In 1997-98, the partnership constructed 20 new homes, repaired 48 homes for low-income and elderly residents, acquired 43 lots for future construction, and counseled 175 potential homeowners.
The partnership continues to strive to create and maintain harmonious and stable neighborhoods.