For Equitable Development
In October 2019, The Real Estate Council Community Fund received one of seven investments nationwide from JPMorgan Chase & Co.’s Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) program to lead the Dallas Collaborative for Equitable Development (DCED). Alongside partner organizations Dallas College, LiftFund, and Texas Mezzanine Fund, the DCED will focus on housing and real estate development, jobs and wealth creation, and community ownership and leadership opportunities in three neighborhoods considered most vulnerable to rapid economic transition: The Bottom, West Dallas-Census Tract 205, and the Forest District.
If you have any questions or would like to volunteer with the DCED, please contact TREC PRO Neighborhoods Coordinator Celesstia Valdez.
Affordable Housing Loan Fund
The TREC Community Fund Affordable Housing Loan Fund provides capital for affordable housing development projects within the three neighborhoods. This new loan program is designed to support the availability of affordable housing for residents with annual median incomes up to a maximum 120 percent average median income (maximum AMI may be lowered based on the median income of the neighborhood) as defined by the United States Department of Housing and Urban Development. Loan funds can be used for land acquisition, construction, and housing rehabilitation work. Learn more here.
Real Estate Project Teams
Want to be a part of the Dallas Collaborative for Equitable Development? We are actively seeking TREC members to lead and participate in our real estate project teams to provide volunteer and pro bono resources toward our affordable housing partnerships within the three neighborhoods.
DCED PRO Neighborhoods Chair: Aaron Echols, Frost Bank