Carolyn Smith, who worked in housekeeping at Duke for 22 years, bought her home near East Campus through a Duke-supported affordable housing program. Over the past decade, the university's $4-million investment in the nonprofit Self-Help Community Development Corporation has created more than 100 affordable homes for low-income Durham residents. Duke's investment also helps Self-Help generate home loans for low-income home buyers across North Carolina.
Carolyn Smith spent most of her life in public housing. Today, the retired Duke housekeeper is only a white picket fence shy of the American dream. In 1998, Smith bought her first home in Walltown -- a historic African-American neighborhood close to the university's East Campus -- through an affordable housing program supported by Duke.
"I thought I was too old to buy a house," says Smith, taking a mug of coffee out to the front porch of her tidy, three-bedroom house to sit in a rocker, look at her potted flowers and listen to the birds. "But I've got a house, and I'm enjoying it."
Smith is among the 53 low-income families living in Walltown in houses renovated by Self-Help Community Development Corporation. About a third of the first-time homeowners are Duke employees; most are single mothers. Duke has invested $4 million in a loan to Self-Help, which allows the nonprofit organization to stabilize deteriorating neighborhoods in the Duke-Durham Neighborhood Partnership near campus by buying and renovating houses and arranging affordable financing for first-time homeowners.
On the state level, more than $1 million of Duke's investment supports Self-Help's Community Advantage Program (PDF), which has provided more than $1 billion in home loans to low-income home buyers throughout North Carolina.
Durham has the lowest percentage of home ownership of any of the state's largest cities. Duke's investment has allowed Self-Help to acquire a total of 65 dilapidated and abandoned properties in Walltown and 33 in Southwest Central Durham, says Martin Eakes, Self-Help's president. An additional $650,000 from The Duke Endowment to the university helps cover Self-Help's operational costs for the program.
"Duke has made an incredible commitment to improve struggling Durham neighborhoods and support affordable housing efforts across the state," Eakes says. "We believe that Walltown represents one of the largest neighborhood revitalization programs under way in the nation. It would not have been possible without Duke's support. I wish other universities would look at Duke's model for engaging its neighboring communities and copy its efforts."
Halifax County native Walter Shields, who works the second shift as a floor finisher at Duke, says he jumped at the chance to own a home in Walltown. He visited Self-Help the morning after he'd heard about the houses during a presentation at work. At the time, he was renting an apartment, and compared his rent to the monthly mortgage payment on the three-bedroom, two-bath Self-Help home. The difference came to $1.97.
"I look around me and see what I accomplished for $1.97," says Shields, who moved in on New Year's Day 2001. "I own a house, and the value keeps going up."
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