Photo: TxLIHIS
				Greater El Paso Housing Development Corporation
		The Greater El Paso Housing Development Corporation (GEPHDC) is establishing a model of public/private partnerships to address one of the city’s most pressing needs: affordable housing. GEPHDC is a nonprofit subsidiary of the Greater El Paso Chamber of Commerce GEPHDC buys developed land with public funds, hires a builder to construct the homes, obtains construction financing from area banks, accesses buyers via an existing not-for-profit community based organization, and sells homes to low- to moderate-income families using area banks’ existing affordable-mortgage products. GEPHDC developed two projects: Caribe Estates and Pecan Grove. The first project, Caribe built 10 homes. Pecan Grove Project provided homes for 72 low to moderate hardworking families. Families who earn less than 80% of the area median income qualified for these energy efficient homes.