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hindesky Posted October 17, 2023 Author Share Posted October 17, 2023 Work has started on the north lot. 3 Quote Link to comment Share on other sites More sharing options...
DotCom Posted October 30, 2023 Share Posted October 30, 2023 https://www.bizjournals.com/houston/news/2023/10/26/new-hope-housing-third-ward-nhh-gray-community.html New Hope Housing breaks ground on new community inHouston’s Third Ward Houston’s historic Third Ward neighborhood will soon be home to Houston-based New Hope Housing's latest affordable housing complex. The project, called NHH Gray, broke ground on Oct. 25. Located at 2675 Gray St., the property will offer 135 apartment units and services for seniors who are 55 and older. The units will come in one- and two-bedroom floor plans and will be equipped with in-unit washer and dryers, energy-efficient kitchen appliances, granite countertops and individually controlled central air. Services will include weekly senior-oriented events and on-site wrap-around services, among other things. Houston-based GSMA is the architect for the building, and Houston-based Camden Builders will serve as the general contractor. This is one of two New Hope Housing projects financed by Houston-based Amegy Bank — the other is NHH Berry, which will be located at 706 Berry St. NHH Gray also received financial support from the National Equity Fund and the Midtown Redevelopment Authority, which donated $5 million in land. The Center for Civic and Public Policy Improvement worked closely with the Midtown Redevelopment Authority to bringing NHH to Third Ward. Additionally, the Houston Housing Authority, a vital partner in helping NHH expand its reach, is also is providing 67 project-based vouchers for NHH Gray residents. NHH Gray is set to open in 2025 and will serve residents who earn 60% and below of the area median income. New Hope Housing said the new community supports the nonprofit's commitment to helping Houstonians have access to safe, affordable housing as well as services to meet the needs of families, individuals and seniors at risk of or experiencing housing instability. In a recent equity study for Houston, the city received an overall score of 41.3 for housing. A score of 100 indicates no disparity among racial and ethnic groups in Houston, while a score of 0 indicates the largest disparity possible among such groups. Thus, the housing score illustrates gaps in homeownership between people of color and white residents in Houston, Daniel Potter, senior director of research from Rice's Kinder Institute, explained in July. More specifically, the city scored a 46 for home ownership and affordability, 24.7 for housing quality and 53.3 for housing risks. Within this, Houston's low-value housing stock was scored a 1. For instance, but many homes there are priced at less than $100,000, and the quality is lost, Potter said at the time. In its "2023 State of Housing in Harris County and Houston" report released in July, the Kinder Institute for Urban Research found that 58% of homes within Houston’s city limits were rented in 2021. Meanwhile, the Kinder Institute’s Houston Area Survey earlier this year found that one in five adults said the cost of housing is the biggest problem facing the region. In Houston, the median household income for a renter was just above $43,000 in 2021, up 24.7% from $34,462 in 2015. But during that same period, monthly rent in Houston increased 30.1% — from $873 to $1,136 — according to estimates from the U.S. Census Bureau’s American Community Survey cited in the State of Housing report. Thus, Kinder researchers found that about 51% of renters in Harris County and the city of Houston in 2021 qualified as cost-burdened under federal standards, meaning these individuals spent more than 30% of their income on housing. This number is up from 48% in 2019. “As rent prices have soared post-pandemic, closing the affordability gap for low- and moderate-income Houstonians has never been more important,” Joy Horak-Brown, New Hope Housing’s president and CEO, said in an Oct. 25 statement. “NHH Gray alleviates the burden for seniors in search of comfortable and high-quality living spaces, and for their families, ensuring necessary housing and services without financial strain.” Affordable housing is also a “boon to development,” Garnet Coleman, former Texas State Representative for House District 147, said during the Oct. 25 groundbreaking event for NHH Gray. “People are going to take advantage — in the right way — of [NHH Gray],” Coleman said. “I know that this project is going to create a lot of development around it and positive development for the area.” Horak-Brown said having affordable apartment homes in Third Ward has been a goal of hers for nearly 20 years, so the groundbreaking for NHH Gray has been a long time coming. New Hope now operates 11 properties throughout Houston and has more in development, including NHH Berry, which also broke ground this month. 4 Quote Link to comment Share on other sites More sharing options...
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