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New Hope Housing Savoy: Multifamily At 6315 Savoy Dr.


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  • The title was changed to New Hope Housing Savoy: Multifamily In Sharpstown
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Apartment project will bring new option for low-income families in SW Houston

 
Katherine FeserStaff writer
Oct. 30, 2021Updated: Oct. 30, 2021 4:04 p.m.
 

New Hope Housing Savoy, a 120-unit apartment project, will bring a new option for low-income families in southwest Houston upon completion in 2023.

New Hope Housing Savoy will be tucked among several office buildings on a 3.9-acre tract at 6315 Savoy, just north of U.S. 59 in the Sharpstown area. The complex will contain one-, two- and three-bedroom apartments, with 13 units set aside for families fleeing domestic violence. Rents will range from $400 to $1,400, based on income eligibility and availability. 

In addition to housing, the non-profit New Hope provides access to services such as medical and mental health care, financial planning and jobs training. The Savoy project is a few blocks away from the fully occupied New Hope Housing Dale Carnegie with 170 single-room occupancy units. 

“The secret to providing housing to people with low incomes is to make sure they not only have an inspiring place to live, but also that they have access to the services that people like you and me just write a check for,” said Mack Fowler, chairman of New Hope Housing.

The organization serves people who are on limited incomes or are at risk of homelessness. 

Addressing community leaders at a groundbreaking ceremony Friday, New Hope Housing President and CEO Joy Horak-Brown said the project will provide much needed affordable rentals to people who work in the community.

“If you think about the teacher’s aide at a school you pass by in this neighborhood whose income is $19,000 a year and is living in one of these broken-down apartments and is paying 50 percent of her income in rent, she can now live in one of these apartments at New Hope Housing paying 30 percent of her income in rent,” Brown said.

The $34 million project represents the nonprofit organization’s 11th development in Houston. GSMA is the project architect and Camden Builders is the builder.

GSMA designed the four-story building with two courtyards, including one with play equipment for children. Features include an onsite family services coordinator, community spaces for social activities and exercise classes, a library and a business center.

The project is receiving $13.2 million through the city of Houston’s Harvey Multifamily Program using federal funds administered through the city’s Housing and Community Development Department. Four multifamily communities have opened under the program, and another 19 are under construction out of 38 total projects, Mayor Sylvester Turner said.

Other funding sources include state tax credits from the Texas Department of Housing and Community Affairs and numerous Houston philanthropic organizations. PNC Bank purchased the syndicated tax credits for the project.

Turner said Houston is making headway in providing affordable housing and, along with Harris County, has successfully housed 5,000 people over the last year.

By “working with philanthropies and others who are willing to chime in, I believe in this city we can keep people from being on the streets if we work collaboratively together,” the mayor said at the event.

NHH Savoy, slated to open in summer 2023, is in a diverse, densely populated region near employers, parks, a community center and public services.

“This particular development is close to stores, public transit, libraries,” Turner said. “It’s where people’s holistic needs can be met.”katherine.feser@chron.com

twitter.com/kfeser

https://www.houstonchronicle.com/business/real-estate/article/New-Hope-Housing-starts-affordable-apartment-16574548.php

Edited by hindesky
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  • The title was changed to New Hope Housing Savoy: Multifamily At 6315 Savoy Dr.
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https://www.houstonpublicmedia.org/articles/housing/2023/10/12/466502/new-affordable-housing-complex-opens-gulfton-sharpstown-neighborhood/

"A new affordable housing development opened Thursday in southwest Houston. The development was created to house some of the city’s most vulnerable residents.

New Hope Housing Savoy is a $33.8 million apartment complex in Houston’s Gulfton and Sharpstown area. The four- story, 120-unit complex will house disabled individuals, families at risk of homelessness, and children and families fleeing domestic violence through a partnership with the Houston Area Women's Center. Families or individuals who earn between 30%-60% of the area's median income would qualify to live in the community,"

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