Nonprofit Launches Formula for Affordable Homes as Prices Soar in Booming Dallas

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Faith-based nonprofit group answers prayers for affordable homes in a Dallas area where most new houses are too costly for the people living there.

Going up fast in the area are big, expensive new houses that are priced far higher than what many West Dallas families can afford.

The Builders of Hope formula starts with using vacant lots it gets from the city for about $1,000 each. Cooperative banks are involved. And grants of federal housing money from the City of Dallas and Dallas County help subsidize the homes.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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