06/28/2024
In 2019, CHI proposed to purchase 100 vacant lots in the Five Mile neighborhood of South Dallas to build homes for sale to first-time home buyers in Dallas, with low income buyers being eligible for down payment assistance from the City of Dallas. This week, we celebrated the recent completion of phase two delivering seven new, affordably priced, single family homes. The homes are appraised at $300,000, and with a sale price of $239,500, buyers have immediate equity of $60,000. Qualified low-income buyers may also apply for DHAP down payment assistance from the City of Dallas for up to $50,000 increasing their equity even more. The next phase of development is already in motion, ten more new homes coming before the end of 2024!
Thank you to our partner City of Dallas - City Hall for their valued partnership!
A public-private partnership aims to revamp the Five Mile neighborhood located in southern Dallas, which was long overlooked with little resources and even...