Affordable Housing: Affordable Housing Loan Fund

[photo]Carolyn Smith, a retired Duke employee, used to live in public housing. Today, she's a proud owner of a Self-Help house in Walltown - with the prettiest garden on the block.
"Duke has made an incredible commitment to improve struggling Durham neighborhoods and support affordable housing efforts across the state. We believe that Walltown represents one of the largest neighborhood revitalization programs underway in the nation. It would not have been possible without Duke's support." --Martin Eakes, President, Self-Help Community Development Corporation

Duke University has loaned $4 million to the Self-Help Community Development Corp., a leading U.S. community development financial institution based in Durham. The money is used to increase the stock of affordable housing in Durham and the state. With help from Duke, the non-profit lender has purchased and renovated more than 70 homes in Walltown for low-income, first time buyers (One-third are Duke employees). View video in itunes: Southwest Central Durham Revitilization

Neighbors served: Walltown

Launched: 1996

Partners: Self-Help Community Development Corp., The Duke Endowment, Duke University, the City of Durham

Duke Contact: Sam Miglarese, Duke Community Affairs at (919) 668-6275 and sam.miglarese@duke.edu