South Dallas Fair Park Neighborhood Development Fund (Loan)

The South Dallas community is experiencing development and redevelopment at an accelerating pace. Numerous projects are already underway or planned in the community that will expand the business base that help neighborhoods to be more vibrant and safe. The business base is expanding, too.

A portion of the northern section of the South Dallas community has been designated a Tax Increment Financing District (TIF), that will also spur investment. Some highlights include:

Bexar Street I & II/Turner Courts Redevelopment
Community organization programs and activities
Eban village
Expansion for viable businesses
Forest Heights Development Center
MLK & 4th Avenue Dart Rail Station Development
Frazier Courts/DHA Redevelopment Project
Grand Park South TIF District
Rhodes Terrance
St. Phillips/Forest Heights Housing and Redevelopment
South Blvd./Park Row Historic Preservation District

The City of Dallas has been the catalyst for many of these projects.

The overarching goal of the Trust Fund continues to facilitate economic and community development in the South Dallas/Fair Park community, in the following program areas:

Business and economic development initiatives
Housing and community development
Community service programs to provide job related and human service assistance

Commercial Loan

Terms:

Available to area businesses
Low Interest (3%)
Five (5) years to repay the loan
$1,000 to $50,000
Requires collateral of 125% of the loan

Objective: Business development and retention, job creation and retention Businesses that are located in Census Tracts 25, 27.01, 27.02, 28, 29, 34, 35, 36, 37, 38, 39.01, 39.02 and 40 are eligible to apply for the programs of the Trust Fund.