BAM | SOUTH | SEPTEMBER 2024

SPECIAL INTEREST

Photograph provided by ICDC

For many families, owning a home remains a distant dream. Habitat for Humanity seeks to turn that dream into reality. "We're excited to be able to apply to the city of Dallas to try and access some of that bond funding," she shares. "It will allow us to build more homes for families who need them the most." Inner City Community Development: Revitalizing Neighborhoods Billy Lane, Executive Director for InnerCity Community Development Corporation (ICDC), brings another vital perspective to the coalition. "The bond funding is essential because we are a nonprofit community development corporation, which means we have to raise money to get the type of funding that allows us to build affordable homes," he says. "Given the cost of land and construction, subsidies are required to keep those units affordable." SEE CASE STUDY "We believe in building homes that are affordable to those who are 80% of AMI (Area Median Income) and below," Billy explains. "That requires subsidies, and the coalition's efforts have been instrumental in making that possible." ICDC revitalizing neighborhoods, creating not just houses but vibrant communities. focuses on

Billy Lane, Steering Commitee Member

Building Bridges, Not Walls

One of the most remarkable aspects of the Dallas Housing Coalition is its ability to unite diverse stakeholders. For-profit and nonprofit developers, often seen as competitors, are collaborating to address the housing crisis. "It was good that the city saw we were aligned," Billy remarks. "You had an alignment between for-profit and nonprofit developers who were aiming to increase the supply of affordable homes." Ashley adds, "There's not been any organized effort around affordable housing advocacy in the city of Dallas. The formation and growth that we've seen in our coalition is a real success story." This unity sends a powerful message: solving the housing crisis requires collective action, transcending traditional boundaries and working together for the greater good.

DALLAS HOUSING COALITION

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