Collaborative Nonprofit Partner Information

Builders of Hope (“BOH”)

Executive Director: Norman Henry
Contact: nhenry@buildersofhopecdc.com
Phone:
214-920-9850

Organized in 1998 as an offshoot of Voices of Hope Ministries, BOH quickly became an important organization within the West Dallas community, exerting leadership and maintaining close relationships with local schools, police and fire fighters and the faith-based community. The mission of Builders of Hope CDC is to deliver quality affordable housing to stimulate the revitalization of West Dallas in order to develop a healthy and safe community. Current programs include affordable housing development, homebuyer education and counseling, family support services, job training for ex-offenders and community mobilization. In 2007 the typical BOH client was a Hispanic or African-American family of five with an average income of $28,000 for its in-fill properties and $33,000 for homes in its new subdivision.

BOH was able to salvage its Eagle Ford project, now in its final stages of development, from the abandoned work of another CDC. As planned, Eagle Ford will contain 72 single-family homes in a West Dallas neighborhood near Interstate-30 and the Pinnacle Park shopping center. BOH was a principal organizer and lead organization for the U.S. Justice Department’s Weed and Seed program in West Dallas. In that capacity, BOH works with a variety of other nonprofits, the Dallas Housing Authority and the Dallas Police Department to improve public safety for an estimated 12,000 people in several West Dallas communities.

Since it began, BOH has produced a total of 156 units of single family housing.

“We’re happy and enjoying our home. We enjoy the area and that it is close to downtown. My wife and I are newlyweds and this is great for us. Working with Builders of Hope to buy our home was a great experience. Everyone was very helpful.”
Victor Nieto, BOH Homebuyer

East Dallas Community Organization (“EDCO”)

Executive Director: Gerald Carlton
Contact: geraldcarlton@msn.com
Phone:
214-515-9779

Although based in East Dallas, East Dallas Community Organization (“EDCO”) has expanded its activities into South Dallas with the development of the Bexar Street Townhomes project.

Working under a City of Dallas Housing Department contract, EDCO is building 28 single-family units along the Bexar Street Corridor. EDCO was organized in 1993 and formally chartered in 1997. EDCO’s mission is to build affordable housing and to coordinate community rebuilding efforts in response to the needs of an impoverished old East Dallas community. EDCO serves as a catalyst for positive change in East Dallas. EDCO works with a variety of organizations to address issues of gang violence and public safety, drug abuse, prostitution and theft and through its efforts crime in the East Dallas community has decreased by 30%. The typical family served by EDCO earns between $24,000 and $37,000, and includes 3 to 4 people. Sixty-five percent (65%) of the families are Hispanic; 15% are African-American and 20% are Anglo. EDCO’s customers all have stable sources of income from work, disability payments or SSI.

Since 2005 EDCO built and sold seven single-family homes in the East Dallas neighborhood that it serves. These homes represent some of the only affordable single family properties being developed in that rapidly gentrifying neighborhood. EDCO continues to look for land and for opportunities to continue to build. In addition, EDCO has provided Homebuyer education/counseling; provided a Money Smart financial literacy program to high school students at the Pegasus Arts Magnet School at the downtown YMCA; and become the Fiscal Agent for the East Dallas Weed and Seed.

Since it began, EDCO has produced a total of 32 units of single family housing.

‘Our daughter Maria loves her new home and most of all is delighted that she can walk to her school which is across the street from our home.’
Francisco Ponce, EDCO homebuyer

InnerCity Community Development Corporation (“ICDC”)

Executive Director: Diane Ragsdale
Contact: dragsdale@icdc.biz
Phone:
214.915.9900

ICDC was formed in 1986 to promote positive social and economic growth in the South Dallas/Fair park community. ICDC’s mission is to create a vibrant, stable, and safe South Dallas community by building partnerships that promote homeownership, economic development and community education. The organization grew out of residents’ concern over the deteriorating quality of life in their community.

Led by former Councilwoman Diane Ragsdale, ICDC has a long history of community activism in the South Dallas/Fair Park community. It was the first and largest CDC in the area for a number of years. ICDC currently operates a business incubator in the building that houses its offices. In addition to beginning the development of Pittman Place, a 19 single-family home subdivision in South Dallas, ICDC has entered into a partnership with Dallas Area Habitat for Humanity to build more than 30 new homes in the Fair Park neighborhood.

Since it began, ICDC has produced a total of 180 units of single family housing.

“I love my new home. The ICDC staff was extremely patient in assisting me before, during and after the closing for my new home. I found it very helpful and educational to attend the homebuyer workshop. I learned so much from ICDC.”
Monica Ladet, ICDC Homebuyer

SouthFair (“SF”)

Executive Director: Ted Law
Contact: tmlawe@aol.com
Phone:
(214) 421-1363

SouthFair was formed in 1991 and incorporated as a nonprofit organization in 1993. The mission of SouthFair is to improve the quality of life for the residents of South Dallas through the promotion of neighborhood revitalization, primarily through the development of affordable housing, economic activity and the provision of needed support services.

SouthFair has developed over 400 units of affordable housing in the Jefferies/Myers neighborhood in South Dallas. SouthFair is firmly established in its community and was instrumental in obtaining a Weed and Seed grant from the U.S. Department of Justice. Through the Weed and Seed program, SouthFair initiated monthly meetings of the South Dallas pastors to increase participation of local churches in community affairs; revived the Fair Park Merchants Association and lead a citizen education effort that registered more than 2,000 new voters for the 2004 national elections. During the Spring 2008, SouthFair completed 2 model homes for its Park Row Estates project that will include 30 single-family garden homes in South Dallas.

Since it began, SouthFair has produced a total of 25 units of single family housing. It has also produced 100’s of units of multi-family housing, and a 6,000 sq. ft. medical office building for Baylor Healthcare Systems.

“Buying our home is like a step in a new direction. It makes me excited to see what will come next. This is our house forever.”
Dakeyva Linzie, SouthFair Homebuyer

Capital One Bank

Joyce Campbell: CRA Business Development Officer
Contact: joyce.campbell@capitalonebank.com

About Capital One® – Investing for Good

Capital One® helps improve the communities in which we live and work.  We finance the creation and rehabilitation of safe, affordable housing for low-income and special-needs populations. We also seek to develop, enhance and strengthen low-income neighborhoods by financing projects that support community stabilization and revitalization efforts. In addition, we have a very strong commitment to supporting small businesses.

Capital One Financial Corporation (http://www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N. A., had $117.3 billion in deposits and $197.5 billion in total assets outstanding as of June 30, 2010. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has approximately 1,000 branch locations primarily in Texas, Louisiana, New York, New Jersey, Maryland, Virginia, and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

Urban League

For over 35 years the Urban League of Greater Dallas has worked diligently to enable individuals and families to move toward sufficiency, social equality and economic parity.

Thanks to the efforts of staff, Board and volunteers the Urban League’s facility provides an environment where: education and training are chosen as paths to self-reliance; where clients are prepared for the world of work; home ownership is within reach for those who prepare and plan; health education and health awareness reduce risk; senior citizens are included and make meaningful contributions; the Urban League’s CDC (Community Development Corporation) will play an active role in developing the communities around us. The Urban League will facilitate the HomeBuyers Club education program for the Dallas Home Connection.

Enterprise

For two decades, Enterprise has provided the financing and expertise to expand homeownership and build stronger, more sustainable neighborhoods across the Dallas-Fort Worth Metroplex. Enterprise helps individuals and families prepare for the responsibilities of homeownership so they can enjoy long-term success and become community stakeholders. Enterprise also helps preserve affordable housing through EHOP-Dallas — to date, we have acquired and rehabilitated 200 properties and sold more than 155 affordable homes. Enterprise also is a leading advocate for greener, more cost-efficient and environmentally responsive affordable housing in Dallas.