A National 501(c)(3) Operating Foundation · EIN 33-2575958Explore the National Footprint
KenHome Foundation
The Flagship Project

Medical District Workforce Housing Initiative. The work begins in Dallas.

One thousand homes. Four phases of two hundred and fifty units. Twenty percent below prevailing market rent. Reserved, in perpetuity, for the first responders and healthcare workers without whom the Dallas Medical District cannot function.

Project at a Glance

The flagship by the numbers.

  • LocationDallas Medical District corridor
  • Total Units1,000 across four phases of 250
  • Affordability~20% below prevailing market rent
  • Phase I GroundbreakingLate 2027
  • Full Completion2034
  • Total Capital Plan$318M – $424M across all four phases
  • Residents Served~2,500 first responders and healthcare workers
  • Affordability Term60+ years beyond statutory minimums
Phased Development

Four phases. One sustained commitment.

Phased delivery is the discipline of an institution that intends to last. Each phase assembles its own capital stack, inherits the operating record of the phase before, and compounds the credibility on which the national mission depends.

Phase
Proof of Concept
I
250
Units
Groundbreaking
Late 2027
Stabilization
Q4 2029
Development Cost
$75–100M
Capital Stack

9% LIHTC equity + Dallas HOME + TDHCA + bank construction + Foundation equity + philanthropic layer

Phase
Proven Scale
II
250
Units
Groundbreaking
Early 2029
Stabilization
Q2 2031
Development Cost
$78–104M
Capital Stack

4% LIHTC with Private Activity Bonds + expanded institutional partnership + growing track record

Phase
Institutional Maturity
III
250
Units
Groundbreaking
Mid 2030
Stabilization
Q4 2032
Development Cost
$81–108M
Capital Stack

Hybrid LIHTC approach + federal program integration + corporate CRA + foundation cross-support

Phase
Capstone Phase
IV
250
Units
Groundbreaking
Late 2031
Stabilization
Q2 2034
Development Cost
$84–112M
Capital Stack

Matured coalition + potential mixed-use component + long-term operational sustainability

Unit Mix

For every household shape.

Per-phase unit composition. Four phases of 250 units, totaling one thousand homes.

Studios
40 units
Residents, early-career responders
One-Bedroom
100 units
Largest category, broadest workforce
Two-Bedroom
85 units
Couples, small families
Three-Bedroom
25 units
Families, multigenerational
Design Philosophy

Dignity as a design standard.

“A home built for those who serve should feel like a home its resident is proud to return to — never a concession society has made to their circumstances.”

The Initiative's architectural and interior standards are governed by a single principle: the buildings the Foundation delivers for first responders and healthcare workers must be indistinguishable — in quality, finish, amenity, and feeling — from the buildings that market-rate residents would eagerly choose.

The people the Foundation serves give more to their cities than most. Their homes are built to reflect their contribution, not their compensation.

The Marble Wall of Partners

The work will outlast us. So should the record of who built it.

At a central location within each completed KenHome city, a permanent marble wall will bear the names of every institution, corporation, foundation, family, and individual whose contribution materially enabled the work. Cast in stone. Lit at night. Read for generations.

Join the Coalition
Give · Partner · Serve

Build with us.

Whether you represent a city, a hospital system, a national foundation, a Fortune 500 board, a regulated bank, a labor council, or yourself — the first responders and healthcare workers of America's highest-cost metropolitan economies require what KenHome Foundation is building. The coalition is open.