Dallas, TX
‘I see hope’: Banks discovering untapped potential for investment in Southern Dallas
The resurgence of The Backside neighborhood seen as a template for turning round lengthy uncared for and missed areas.
DALLAS — Editor’s observe: The above video is from a narrative that beforehand aired. Be sure you watch ‘Banking Beneath 30’ tonight on WFAA at 10.
For Mekeyas Newaye, the price of shopping for a primary residence at all times appeared slightly too far out of attain.
“Once you’re in ministry and your spouse’s a trainer and you’ve got children, you are like, ‘How am I going to have the ability to afford this?’” he mentioned.
However then, he and his spouse discovered a spot referred to as The Backside. Situated east of Interstate 35 and simply south of the Trinity River levee, it was first settled in 1845 as a group for newly-freed slaves. As we speak, it is a housing growth. About 100 new properties will rise from the empty lot, with 51 of them put aside as reasonably priced housing for households with a max revenue of $71,200.
“Each month you are witnessing development, you are witnessing resurrection,” Newaye mentioned. “You are nearly drawn to saying, ‘Oh, wow, I am part of one thing.’”
In our Banking Beneath 30 collection, we have proven you what number of banks keep away from lending cash in Dallas’ Black and Hispanic neighborhoods – blocking minority households from constructing wealth.
Then we heard about banks lending cash in The Backside. We puzzled, what would persuade a risk-averse financial institution to lend cash in a high-minority, low-income neighborhood with crumbling infrastructure the place hardly something’s been constructed in additional than 50 years?
“I see hope,” Effie Dennison, director of group growth and company accountability at Texas Capital Financial institution mentioned. “I see a dream coming to fruition.”
In a earlier story, we reported that Texas Capital participates with different banks to lend tons of of tens of millions of {dollars} to high-cost lenders that, critics say, prey on minority neighborhoods.
However right here in The Backside, Texas Capital was the primary to make a mortgage. Although the quantity is undisclosed – Dennison describes it as a line of credit score in “the tens of millions” that funds development of latest properties – Dennison says banks have an obligation to search for these sorts of offers within the minority neighborhoods under I-30 in Southern Dallas.
“You can not do this sitting in your desk and assume it will simply come and fall in your lap,” she mentioned.
Dennison mentioned one cause the financial institution felt snug lending right here is town of Dallas made it engaging by pouring in its personal cash: $2.4 million given to builders to purchase up tons and make neighborhood enhancements; and $5.25 million spent on digging new sewer strains, paving roads and putting in road lights.
“This funding is one which we see pretty much as good enterprise, not a charity,” Dennison mentioned. “This mortgage needed to underwrite similar to another, however we knew that we had to take a look at it from a special lens.”
Does that imply that the financial institution will settle for making much less cash in The Backside in comparison with an funding in Prosper or Plano, as an illustration?
“We’re actually wanting on the general impression of what we’re doing,” Dennison mentioned. “That is our legacy, too.”
They’re constructing about 10 homes a 12 months in The Backside and they’re being constructed by small Black builders, like Calvin Berry. In his profession, he’s constructed about 300 properties, however even somebody as skilled as him struggles to discover a financial institution prepared to make development loans.
“We now have to go take a mortgage out on our residence,” he mentioned. “You mortgage your personal residence to go construct a house … as a result of the financial institution is just not going to provide the cash.”
Berry does not want a financial institution on this job as a result of he is been employed as a contractor. Amassing a paycheck is way much less worthwhile for him, however he hopes his work right here will result in higher banking relationships – so he can get his personal loans to construct his personal homes in different components of city.
“You possibly can’t get wherever with out the chance,” Berry mentioned. “Even when I’ve started working slightly tougher… it affords me some connections that I won’t have had, you realize, however I am right here once more.”
For Newaye, it wasn’t simply the reasonably priced promoting value that enabled him to purchase his residence in The Backside. It was additionally Financial institution of America.
Beforehand, we reported about how few loans some banks make within the neighborhoods surrounding their Southern Dallas branches. That features Financial institution of America. Close to Honest Park, it made 19 residence loans over the course of two years. Nevertheless, in a similarly-sized space in Dallas’ Lakewood neighborhood above I-30, it made 143 loans in that very same time.
However Newaye had a special expertise. For his mortgage, Financial institution of America gave him money to fulfill his down cost and a reduction on his closing charges.
Financial institution of America mentioned that is a part of an initiative to assist 60,000 low- to moderate-income households purchase properties by 2025, and strengthen neighborhoods.
Having the ability to go from renter to house owner is life altering, Newaye mentioned.
“I believe owners, particularly for a household, it is one thing deeper,” he mentioned. “You get to say, ‘Each little little bit of this house is mine, and I haven’t got to fret about, are we going to … transfer to a different house?’”
Metropolis leaders say there may be an pressing want for 20,000 items of reasonably priced housing in Dallas. When it’s constructed, it’s principally residences. Nevertheless it’s residence possession that really impacts lives – sending ripples of confidence out right into a group. And that form of change does not occur with no financial institution that is prepared to lend.
Dallas, TX
Trey Lance will get “significant” snaps for the Cowboys during Sunday’s season finale
The Dallas Cowboys have a single game left on their 2024 season and it will feature the third quarterback to play significant snaps for them this season. That is the verbiage being used as it relates to Trey Lance, according to Friday’s report from NFL media.
From 2022 through 17 weeks of 2024, Trey Lance has thrown a grand total of 20 passes. He may eclipse that total on Sunday. Big opportunity for him on Sunday. https://t.co/6DcgzTv0Ak
— Ian Rapoport (@RapSheet) January 4, 2025
Sunday’s game will be the third that Dallas will play after being mathematically eliminated from playoff contention. Aside from the first where it was the case against the Tampa Bay Buccaneers, we have seen the Cowboys dial back the intensity ever since they were formally eliminated from consideration for the playoffs. It is worth noting the elimination came just a few hours before that Tampa game which is why they (in all likelihood) went at that game the way they did.
With time for the situation to take though we saw the Cowboys shut CeeDee Lamb down for the season last week, the most glaring indication that they were waving the white flag on 2024. Ever since this season took a turn at the quarterback position specifically, we have seen the Cowboys insist on competing to win and to their credit they have managed to do that in impressive manner with Cooper Rush under center.
Obviously circumstances have changed though which is why the Cowboys feel comfortable going with Trey Lance at quarterback to whatever degree the word “significant” ultimately yields. While this will mark the third quarterback to play a large role for Dallas this season as noted, it marks the first of this variety for Lance in a Cowboys uniform. What’s more is it marks his first legitimate action period since his last start which he made for the San Francisco 49ers way back in Week 2 of the 2022 season. He went 2 for 3 for 30 yards (with 3 rushes for 13 yards) before being injured and lost for that year.
It was almost a full 365 days later when the Cowboys traded for Lance and it took until November 10th of the 2024 season for him to throw a pass in a regular season game for the team in some mop up duty against the Philadelphia Eagles. We have noted this several times over, it was a horrific trade for Dallas having sent a fourth-round pick for Lance’s services.
Importantly, Lance is a free agent after this season so the idea that the Cowboys could have been getting a look at him for the future wasn’t exactly a genuine one. Still though, it will be interesting to see how he looks in a game that isn’t in the preseason.
For what it’s worth, the Cowboys are hosting Washington in the season finale for the first time in nine years. During that 2015 season finale the Cowboys also started a quarterback down the roster in a meaningless game and he had quite the day. The quarterback in question was Kellen Moore who threw for 435 yards. At the time it was the sixth-most passing yards in a game for a Dallas Cowboys quarterback.
Additionally, consider that the Cowboys are making this decision despite a potential incentive that Cooper Rush could reach based on playing time.
Cowboys QB Cooper Rush gets $500,000 in incentives if he plays 55% of the team’s snaps this season.
Going into Sunday he’s played 52.5%. Depending on snaps, he’ll need to play most or all of the game to reach that incentive, otherwise he’ll only earn $250k for reaching 45% mark
— Jonathan Jones (@jjones9) January 2, 2025
The word “significant” is obviously vague as it relates to Lance, but Ian Rapoport noted that he could wind up throwing more than 20 passes. It stands to reason that this would inhibit Rush from reaching that incentive.
If Lance were under contract for the future then this move could be more justified from the Cowboys. While many have argued to see him, it isn’t talking out of both sides of the proverbial mouth to say that this isn’t necessarily the best way to go about it. Rush has been an incredible soldier for several years now and the Cowboys may be purposefully making a decision that is going to cost him money all in a meaningless game, and all in a likely vain effort.
Dallas, TX
Disney Needs To Give Bryce Dallas Howard A ‘Star Wars’ Movie Already
Disney has struggled mightily to get any new Star Wars movie projects off the ground with loads cancelled and others in unclear stages of development. The only “definitely happening” one is The Mandalorian and Grogu, which of course came from the Disney Plus TV series.
But if there is one fixture in the Star Wars universe behind the scenes that should be given their own movie, it’s none other than Bryce Dallas Howard, the actress-director daughter of actor-director Ron Howard who has consistently put out amazing episodes of Star Wars series that she’s been given to direct.
That was on full display this week with Skeleton Crew’s Zero Friends Again, where the plot did not move forward much but Howard did brilliant work with the story available and it’s easily one of the best episodes of the already-good series.
- She did the fourth episode of The Mandalorian, Sanctuary, where Mando has to defend a village from raiders in an AT-ST, a thrilling entry.
- In season 3 of The Mandalorian, she directed Guns for Hire, which focused on Bo-Katan challenging Mandalorian privateers for leadership over the group, uniting the groups to try to go and retake Mandalore.
- She did episode five of The Book of Boba Fett, one of the only good episodes because it moved away from Boba Fett entirely and brought Mando back for a full episode in between his seasons. It’s the episode where he gets beskar armor for Grogu and makes a new ship out of an N-1 Starfighter.
She didn’t do any episodes of Obi-Wan Kenobi, Ahsoka, Andor or The Acolyte, but the general consensus among fans is that when Bryce Dallas Howard shows up, it’s going to be a banger.
It seems like a far better idea to give Howard her own Star Wars movie, whatever it might be, rather than bringing in more outside directors like James Mangold or Simon Kinberg, both being ported over from X-Men, of all places. Howard knows Star Wars, and deserves a shot at the big time. If not a movie, give her a series all to herself. Maybe she could make something set in the Old or High Republic work for once.
Will this happen? Who knows. She may just keep directing periodic TV episodes, but the only Star Wars show that is even returning is Ahsoka, plus Andor wrapping with season 2, which is already done filming. Skeleton Crew seemed like it may have been on deck to become an ongoing series, but budget versus viewership is a real concern.
Disney may be risk-averse when it comes to Star Wars these days, hence why the only thing it’s making is a Mandalorian movie, but Howard does not seem like a risk, and she’s earned a bigger project.
Follow me on Twitter, YouTube, Bluesky and Instagram.
Pick up my sci-fi novels the Herokiller series and The Earthborn Trilogy.
Dallas, TX
Young father killed in North Dallas crash, suspects still on the run
DALLAS – Newly obtained surveillance video shows the violent hit-and-run crash that killed a young father near University Park late Saturday night.
What We Know: Alfredo Quintero, 24, was killed while he was working as a food delivery driver.
A gray Infiniti slammed into Quintero’s car on Northwest Highway, near Turtle Creek Boulevard, shortly before midnight.
Surveillance video from a nearby business provided by SentriForce appears to show the suspects’ vehicle speeding as it T-boned Quintero’s car.
Witnesses saw three males running away from the crash scene, leaving a Gray Infitini behind. One of the suspects had a severe leg injury.
No arrests have been made at this time.
What We Don’t Know: Dallas Police have not said if the gray Infiniti used by the suspects belonged to one of them, or someone else.
The vehicle had a temporary tag.
How You Can Help: Anyone with information is asked to contact the Dallas Police Department.
Alfredo Quintero
Quintero’s family describes the 24-year-old as hard-working and responsible, working two jobs trying to provide for his 1-year-old daughter.
His daughter was not with him at the time of the crash, but her belongings were scattered around the area of the crash.
Sheyla Gonzaga, Quintero’s aunt, says she is angry while her family continues to search for answers.
What They’re Saying: “They just left him. They didn’t care. They were selfish. They only cared about themselves,” said Gonzaga. “Thinking of his daughter not having him around longer, you know, it’s tragic.”
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