Southern Dallas Development Corporation
Access to capital is one of the most frequently cited obstacles to small and minority business development formation and expansion, particularly in the urban core.
With the City of Dallas as a partner, the Southern Dallas Development Corporation (SDDC) was formed in 1989 as a not-for-profit 501(c)3 to leverage private debt and equity, promote access to capital, facilitate job creation and foster economic development. Through their loan products and services, SDDC makes loans directly or in partnership with conventional banks.
South Dallas / Fair Park Trust Fund
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
Community Development Block Grants (CDBG)
Community Development Block Grants (Entitlement Funds from the U.S. Department of Housing and Urban Development Program Funds) help to create an environment that recognizes the critical role of quality of life for all citizens of Dallas.
The primary objective of the Community Development Block Grant (CDBG) Program is “the development of viable urban communities” accomplished “by providing decent housing and a suitable living environment and expanding economic opportunities.” While activities may benefit other citizens, either directly or indirectly, the focus of the program is principally for persons of low and moderate income. Any eligible activity may be financed in whole or in part with Community Development funds only if it accomplishes one of the following Community Development Block Grant National Objectives.
- Benefits low and moderate income families
- Aids in the prevention or elimination of slums or blight
- Meets an urgent need
The Community Development Division of the Office of Financial Services handles applications for Community Development Block Grant funds.