Housing Spotlight - 2010

Member Spotlight

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2010

Since the inception of the Low Income Housing Tax Credit (LIHTC) program in Texas, the affordable housing industry in Texas has generated over $51,397,651,000 into the State’s economy and an additional $6,279,225,670 into local taxes and fees, creating 767,044 jobs and 257,025 affordable work force homes across Texas.

*The information above was derived from data provided by the Texas Department of Housing and Community Affairs (TDHCA) in association with an economic development model created by the National Association of Home Builders (NAHB).

New Hope Housing at Brays Crossing 6311 Gulf Freeway l Houston, TX 77023 • newhopehousing.com/brayscrossing

Affordable

HOUSING Spotlight

Brays Crossing is New Hope Housing, Inc’s first development financed by Low Income Housing Tax Credits. The 149-unit SRO community is located at I-45 South at the Griggs Road exit. It transforms the former HouTex Inn, an official public nuisance property, into a ‘marquee’ for quality SRO housing and is a vibrant community asset. The property features an important public art component as a part of the HUD-required sound wall.

Developer New Hope Housing, Inc. Project Site Size 1.9673 acres Target Market(s) Houston and its surrounding counties Total Number of Units 149 units Size of Units 121 units at 225 sq. ft. / 28 units at 465 sq. ft.

Unit Composition 100% Low Income Housing Tax Credit units (at or below 50% AMI) Grand Opening Date February 20, 2010 Support Services • Transportation • Emergency financial assistance, for rent or medications • Fully-equipped Business Center / Computer Learning Center • Financial literacy, credit counseling and money management • Legal assistance • GED assistance • Health and nutritional courses • Health screening and health fairs • Sobriety meetings • Regular movie nights • Bible studies • Community meals and holiday feasts

Building Better Communities affordable housing for Texans with limited incomes and special needs

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ince its organization in 1997, the public/private membership of the Texas Affiliation of Affordable Housing Providers (TAAHP) has continued with the association’s goals of creating an adequate inventory of affordable housing across

the vast lands of the Lone Star State; from several metroplex areas to the smallest of our rural communities. While affordable housing is a quality of life issue in almost every area, it also becomes a part of the local economic engine.

The $456 million of housing tax credits allocated to the State of Texas has created over one billion dollars in housing investment providing over 85,000 new or renovated living units with more than 78,000 set aside for low income families and individuals. The units serve a broad resident base ranging from single occupant to large family; including the elderly, former homeless, disabled, single parent, workforce families and others.

TAAHP members offer an array of services to the residents of their communities including grocery shopping trips, health and nutritional services/education, business and computer learning centers, on-site security services, GED classes and other programs to assist the residents in their efforts to overcome the past or simply to promote personal growth to meet future employment skill demands.

The Texas Housing Conference Magazine features a select number of our members’ communities over the next two pages.

For more information on these properties, contact the TAAHP office at info@taahp.org.

Residences at Eastland l Fort Worth, TX

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Before

The Arbor at Rose Park 2702 South 7th Street Abilene, TX

Costa Almadena 6222 S. New Braunfels San Antonio, TX

Developer DMA Development Company, LLC

Developer The NRP Group

Unit Mix 64 – 1BR/1BA 4 – 2BR/1BA 12 – 2BR/2BA

Unit Mix 99% Tax Credit 1% Market Rate/Multifamily

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Support Services/Amenities • Health Screenings • Health and Nutritional Courses • Social Events, and more!

Support Services/Amenities • Computer Room with Internet Access • Courtesy Officers • Homework First, After School and Summer Programs for Resident Children and more!

Highland Manor Senior Housing 301 Newman Rd La Marque, TX

Lancaster 20100 Park Row Katy, TX

Developer Mark-Dana Corporation

Developer Henson Ford Investments

Unit Mix 87 – 1BR/1BA 53 – 2BR/1BA 1 – Manager’s Unit (2BR/2BA)

Unit Mix 252 Units (1, 2, & 3 bedroom units)

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Support Services/Amenities • Club Room with Kitchen & Media Area • Community Laundry Facilities • Swimming Pool, and more!

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Support Services/Amenities • After School Program • Computer Classes • Exercise Room • Good Neighbor Program • Pool, and more!

Little Nell 8565 W. Sam Houston Pkwy l Houston, TX

Residences at Eastland 5500 Eastland St l Fort Worth, TX

Developer Henson Ford Investments

Developer NuRock Development, Inc.

Unit Mix 252 Units (1, 2, & 3 bedroom units)

Unit Mix 146 mixed income townhouse apartment community

Support Services/Amenities • After School Program • Computer Classes • Exercise Room • Good Neighbor Program • Pool, and more!

Support Services/Amenities • Business/Computer Training Center • Crime Watch Program • Recreation Center • Study/Homework Help and more!

The Village at Morning Star 3401 Magnolia Avenue l Texas City, TX

Waterside Court 503 West Road l Houston, TX

Developer DMA Development Company, LLC

Developer Hettig-Kahn Development, Co.

Unit Mix 80 – 1BR/1BA 10 – 2BR/1BA 10 – 2BR/2BA

Unit Mix 118 Four Bedroom/Bath Single Family Houses with Attached Garages

Support Services/Amenities • Health Screenings • Health and Nutritional Courses • Social Events, and more!

Support Services/Amenities • Furnished Clubroom • Youth Programs, Adult Education Counseling, and more!