Habitat for Humanity has some ambitious plans for Dallas. The City Hall Blog of The Dallas Morning News reports:
In the next decade, the organization plans to build 25,000 single-family homes in Dallas targeted at middle-class families, which means a list price of less than $400,000.
And they’ve got city officials on board. Council members and others at City Hall see the new strategy as a possible antidote to their lengthy struggles with two of the Dallas’ inextricably linked problems: the city’s dearth of affordable homes for middle-class families and an economically stagnant southern half.
Their efforts also won’t completely fill the middle-class void in Dallas, said Habitat for Humanity of Greater Dallas CEO Bill Hall. But it’s a start.
“Our goal isn’t to be the largest,” Hall said. “Our goal is to stimulate the market.”
The Dallas branch of the international housing organization, famously associated with former President Jimmy Carter, plans to achieve its goal by offering down-payment assistance for middle-class home buyers. Habitat for Humanity currently offers low-interest loans to homeowners.