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Houston recently experienced one of the largest housing booms in the nation. With it, low income Houstonians have been faced with a difficult financial situation in which limited resources must be distributed between housing, healthcare, food, and education. Houston needs an array of housing options available to all incomes to ensure the prosperity of all our communities.
An essential component of Houston LISC's mission is to provide both lending and capacity building support to developers, such as New Hope Housing, who are striving and achieving to create affordable housing opportunities throughout the city.
New Hope Housing's first mixed-use property located on Harrisburg Boulevard in the Second Ward is a compelling example of this idea in action. For over 20 years, New Hope Housing has been assisting extremely low-income individuals in restoring their lives and improving their confidence by providing life-stabilizing, affordable and permanent housing with support services.
New Hope Housing's Harrisburg development will be a LEED certified building. It will include 175 single room occupancy (SRO) units (efficiency housing for individuals), approximately 4,000 square feet of retail space for a small, local business enterprise, and 7,000 square feet of high-quality office space. Additionally the property will be along the METRORail Green Line, which compliments the property's mixed-use feature. The location near transit is designed to persuade the residents to walk and have easy access to services and amenities, promoting a healthier lifestyle.
Hamilton, the first New Hope property, opened in the central business district in 1995. It is located immediately adjacent to Minute Maid Park, less than a mile from the Harrisburg site. With ongoing development and investments in East Downtown and the Second Ward, it is a significant decision for New Hope to locate their new property there as well. Once Harrisburg is complete in the fall of 2017, New Hope will relocate their corporate headquarters to its 4th floor and the eligible residents of Hamilton will move into Harrisburg or another New Hope property, and Hamilton will permanently close.
For more information on Houston LISC's lending and capacity building programs, contact Mayra Guevara Bontemps, Senior Program Officer, at email@example.com or at 713-597-6839.