Houston Area Community Development Corporation

While apartment buildings do generate management fees that are paid to New Hope Housing, Inc. (the corporation), they are not sufficient to fund entirely the corporate office operations, which drives project development and all fundraising efforts. Therefore, we rely on funding from a variety of private donors, and with Board support, we continue to cultivate new donor relationships. Any gaps are then filled by developer fees, although their primary intent is to fund future project developments. Neither management nor developer fees fund resident services. The Resident Services Program ("RSP") is 100% supported privately. Through the work of our highly qualified staff, our RSP delivers direct support services and works closely with collaborative partners. Increasing our funded collaborative partnerships helps keep program costs low. Resident Services Program: New Hope Housing offers permanent supportive housing to people who have a long-range need for low-cost, supportive housing. Of course, there are residents who prefer to live at a New Hope property during a transitional time in their lives, later reuniting with family, or moving into market rate housing. As part of providing a supportive environment, New Hope operates the Resident Services Program, a four-pronged initiative that includes: (1) Assistance from the on-site Case Managers and Community Support Specialists who coordinate access to social services and to whom residents can turn if they are facing special difficulties. (2) Direct assistance with basic necessities, financial services, and food security that promote stability in the lives of residents. (3) Educational opportunities, life skills training, social activities, and healthcare access for spiritual, social, and physical well-being, and for equitable opportunities. (4) A Resident Feedback Collaborative, which closes feedback loops and amplifies resident voice, ensuring New Hope's Housing + Services are meeting true resident needs. More people have been housed in Houston, Texas since 2012 than ever before thanks to a strongly supported housing system. Yet much work remains to fill the approximately 195,000 shortage of affordable homes. This drives New Hope's intent to be an enduring institution serving people in Houston experiencing homelessness and those at risk of becoming unhoused.

NHH at Brays Crossing - 149 units The City of Houston approached New Hope to develop Brays Crossing - what was once the dilapidated HouTex Inn. To facilitate the development, the City of Houston made a performance-based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to FDI-Houston SRO, Ltd. The development also includes financing from Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from private charitable contributors, including the Houston Endowment Inc., The Meadows Foundation, and the United Way of Greater Houston. In late 2007, FDI-Houston SRO, Ltd. purchased the property located at 6311 Gulf Freeway, I-45 at the Griggs Road exit. This property is now owned and operated by Houston Area Community Development Corporation (HACDC). The property serves as a foundation for a large public art display that is integral to the building design. Brays Crossing opened in February 2010.