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Friday, October 22, 2010

NEWS: TREC's Study Helps City of Dallas Secure $2.225M HUD Grant

In Photo: Congresswoman Eddie Bernice Johnson, U.S. Housing and Urban Development Regional Administrator C. Donald Babers, Mayor Tom Leppert, Dallas City Councilmembers and The Real Estate Council President/CEO Linda McMahon (in white next to Mayor Leppert).



Dallas, Texas (October 21, 2010) – U.S. Housing and Urban Development Regional Administrator C. Donald Babers and Congresswoman Eddie Bernice Johnson announced a $2.225 million HUD grant to the City of Dallas at City Hall’s Council Chambers yesterday. The grant request was based on a study that The Real Estate Council funded on Transit Oriented Developments (TODs). The grant will support local efforts to achieve sustainable communities that link housing, transportation and services.


TREC funded $175,000 of the TOD study, Bank of America funded $100,000, and the Craig and Kathryn Hall Foundation funded $25,000


Mayor Tom Leppert introduced Congresswoman Eddie Bernice Johnson, who said, “Thanks to The Real Estate Council, DART, the Dallas Police Department, the Dallas Urban League and the City of Dallas, we have so many important partners working together to create a livable community. Thanks to Housing and Urban Development for helping make it happen.”


TREC is a leader of efforts shaping the future of Dallas including the original $1.5 million investment that spearheaded Woodall Rodgers Park, as well as $6.3 million in pro bono legal and title services and $250,000 in funding that helped create Dallas’ Urban Land Bank. Find out more at www.recouncil.com or by calling 214.692.3600.

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