A pair of competing south Dallas homebuilders have teamed up to make a bigger impact together.
Groundwater contamination and drug dealers were other challenges solved to get construction started. The city of Dallas sold the lots at a reduced cost and invested over $1 million in the redevelopment project.
Now, instead of south Dallas residents who often rent homes from far away landlords, the new homeowners, who must have limited income, will end up with immediate equity in the duplexes they buy.Smith said providing keys to new homeowners is a very good feeling.Hemphill said it is a community-building project to give new homeowners a stake in their community that can extend to future generations as well.
“We’re going to transform wealth into the hands of the families that come into this neighborhood,” he said. The two builders, one younger, and one older, say that they are learning from each other in the partnership. The city of Dallas is also working with other builders to finish new homes on all the lots in the Jeffries Meyers neighborhood.
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