JP Morgan TREC Grant

JPMorgan delivers hefty grant targeting ‘equitable development’ in Dallas

For decades, many Dallas neighborhoods have seen development happen to them, not with them, says Maggie Parker, director of The Real Estate Council’s Community Fund.

But a big grant from JPMorgan Chase to TREC could go a long way toward reversing that trend.

The banking giant on Wednesday announced TREC’s Community Fund as a recipient of a $400,000 grant from the financial institution’s PRO Neighborhoods planning program. TREC, in partnership with the Forest District, Golden S.E.E.D.S. Foundation and Builders of Hope Community Development Corporation, will use the grant to create a roadmap for “equitable development” that leverages the city’s newly adopted Comprehensive Housing Policy, Parker said.

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