New Hope Housing Inc

Programs

1. 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.

   $702,332 spent
   32% of program spending

2. 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 residents' voices, ensuring New Hope's Housing + Services are meeting true resident needs. More people have been housed in Houston, Texas since 2012…

   $1,168,893 spentof which $23,247 as grants
   53% of program spending

3. NHH at Canal - 134 units New Hope Housing facilitated the development and construction of NHH at Canal, owned by its subsidiary, NHH-Canal Street Apartments, Inc. The Canal building is Houston's first SRO in a neighborhood and opened in November 2005 at 2821 Canal Street in Houston's historic Second Ward/East End. Canal serves adults living singly on low incomes. The Canal development received numerous accolades including an AIA-Houston design award; the 2009 ULI-Houston Development of Distinction award; and was a finalist for ULI's 2009 Award for Excellence-North and South America. This recognition proves that affordable SRO housing can fill a public need and still be stylish - all on a shoestring budget. The development costs were funded through a public/private partnership that includes the City of Houston, Texas Department of Housing and Community Affairs, the Federal Home Loan Bank of Atlanta, and a broad array of foundation, corporate, and individual donors.

   $24,450 spent$65,867 earned by the program
   1% of program spending

4. NHH at Congress - 57 units This property is owned and operated by Houston Area Community Development Corporation (HACDC). In 2002, HACDC became an affiliate of New Hope Housing, when the original board of directors passed governance to NHHI. The building is a moderate rehabilitation and modification of the Powell Hotel, which was established in 1925. The original renovation of the Congress property was completed in 1997 and received the Greater Houston Preservation Alliance Good Brick Award. At the end of October 2007, this property was temporarily closed for an intensive renovation and reopened in October 2010 to house the chronic homeless with disabilities. The original rehabilitation of the property performed before NHHI assumed governance was undercapitalized, and the contractor declared bankruptcy shortly after the original renovation was completed. Thus, the structure required substantial renovation and structural upgrades.

5. NHH at Brays Crossing - 149 units The City of Houston approached New Hope to develop Brays Crossing what was once the dilapidated HouTex Inn. In late 2007, FDI-Houston SRO, Ltd. purchased the property located at 6311 Gulf Freeway, I-45 at the Griggs Road exit. NHH at Brays Crossing, LLC is the general partner of FDIHouston SRO, Ltd. New Hope Housing, Inc. is the developer of the Brays Crossing project that now offers efficiency apartment housing for individuals with low incomes. It also serves as a foundation for a large public art display that is integral to the building design. This site was financed with a combination of Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Meadows Foundation, and the United Way of Greater Houston. The property opened in February 2010. Brays Crossing has received numerous awards including: 2017 Preservation Houston Future Landmark Award; 2011 ULI Award for Excellence - North and South America; 2011 ULI-Houston Development of Distinction Award; two national Builder's Choice Design & Planning…

6. NHH at Sakowitz - 166 units Sakowitz is the first LEED certified affordable housing in the State of Texas, and it is also Houston's first 'green' multifamily housing development. Situated in Greater Fifth Ward/Denver Harbor, the Sakowitz development opened in October 2010. This property is owned and operated by Houston Area Community Development Corporation (HACDC). This site was financed with a combination of Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Brown Foundation, The Fondren Foundation and other foundations and corporations. Sakowitz has also received several distinguished awards including: National Association of Housing and Redevelopment Officials (NAHRO) Award of Excellence; USGBC LEED for Homes Outstanding Affordable Developer Award; and, a Houston Business Journal Landmark Award.

7. NHH at Perry - 160 units New Hope opened NHH at Perry in late October 2012. Perry is financed through a public/private partnership that leverages tax credit investments with funds from the City of Houston as well as private charitable donors, including the Federal Home Loan Bank of Chicago, JPMorgan Chase Foundation, and other foundations and corporations.The Perry project is a 160-unit SRO apartment complex located south of the University of Houston on Perry Street between Foster and Eastwood Streets. This property is New Hope's second LEED platinum certified, energy efficient building. Perry has received several important honors, including: Housing the Homeless Commendation issued by International Making Cities Livable; New DevelopmentAffordable Tax Credit Award presented by the Houston Apartment Association; and, a Keep Houston Beautiful Mayor's Proud Partner Award.

8. NHH at Rittenhouse - 160 units New Hope opened its seventh SRO - Rittenhouse, in December 2013. Rittenhouse is financed through a public/private partnership that leverages tax credit investments with funds from the City of Houston as well as private charitable donors. Rittenhouse is a 160-unit SRO apartment complex located in north Houston off I-45 North at the corner of Stuebner Airline and Rittenhouse Road. It is New Hope's third LEED platinum development. The Rittenhouse development features a grove of mature oaks trees, beautiful gardens and native 'prairie' areas, creating a unique park-like experience. It also includes art installations. The creation of a sense of place through art, architecture and nature is an integral part of New Hope's award-winning approach to affordable housing. As evidence of its impact on the community, Rittenhouse has been honored with several awards and accolades, including: the 2015 ULI-Houston Development of Distinction; Houston Business Journal Landmark Award in Community Impact; Novogradac Journal of Tax Credits Development of Distinction Award; and, the 2014 J. Howard Rambin III Founder's Award by Keep Houston Beautiful.

9. NHH at Reed - 187 units With the opening of Rittenhouse, New Hope celebrated reaching its near-term goal of developing and managing almost 1,000 units of SRO housing. There is a compelling need for Housing + Services for a number of very low- to moderate-income populations in Houston, and New Hope is now positioned to address a variety of supportive housing needs. The Board of Directors made a strategic decision to respond to this need, and to expand New Hope's reach to reduce the footprint of homelessness for Houston families, as well as continuing to serve individuals. New Hope has opened its first affordable, supportive housing for homeless and near homeless families. This innovative community, NHH at Reed, is a 187-unit apartment complex made up of 1-, 2-, and 3- bedroom units. It is located off Highway 288 and Reed Road. With the goal to uplift families from generational poverty, the organization provides robust onsite social services that focus on addressing food insecurities, education, health, and employment. Designed by GSMA, Inc. and constructed by Camden Builders, this development is LEED Gold certified. A grand opening ceremony took place in September 2018. The Reed…

10. NHH at Harrisburg - 175 units New Hope opened its first mixed-use development, NHH at Harrisburg. This transit-oriented community is a 175-unit SRO serving individuals living on extremely low incomes. The nonprofit organization celebrated a grand opening in April 2018. Located on the light rail in Houston's East End, Harrisburg also includes 4,000 SF of retail space and 7,500 SF of commercial office space, which is now home to New Hope's corporate office. Underscoring their commitment to mission, New Hope located their headquarters where their residents live. As the organization's fourth LEED platinum certified development, NHH at Harrisburg was designed by Ernesto L. Maldonado, AIA of GSMA, Inc. As evidence of its impact on the community, Harrisburg has already been honored with several awards and accolades, including: the 2019 Houston Business Journal Landmark Award in Community Impact; the Houston Apartment Association Landmark Award in Tax Credits; the National Association of Housing and Redevelopment Officials Award of Excellence; and, the U.S. Green Building Council Leadership Award. The City of Houston committed $6.6MM in HOME funds plus a portion of local Homeless Bond…

11. NHH Dale Carnegie - 170 units New Hope celebrated the opening of its ninth SRO development, NHH Dale Carnegie, in October 2020. NHH Dale Carnegie was the first affordable housing development to break ground in Houston after Hurricane Harvey. The timing of its opening was fortuitous as people recover from COVID-19 and natural disasters. Located in the Sharpstown area of southwest Houston, this project is a 170-unit SRO serving individuals on extremely low incomes. Many of the residents are people who have experienced homelessness. Ernesto L. Maldonado, AIA of GSMA, Inc. designed this LEED Gold certified property. The City of Houston committed $8.5MM in HOME plus a portion of local Homeless Bond Program funds. To create a true public/private partnership, New Hope leveraged these funds with 9% Housing Tax Credits, allocated by the Texas Department of Housing, and Community Affairs, in addition to grants and contributions from private sources.

12. NHH Avenue J - 100 units In 2022, New Hope opened its second property for families. Located in Houston's vibrant, culturally rich East End, NHH Avenue J offers 100 units of 1- and 2-bedroom apartments for working families and those on a fixed income. This multifamily property is our first designed for working families. It is in the historic Second Ward where naturally occurring affordable housing (NOAH) is dwindling, and development of high-end urban homes are becoming prolific. The location is one of Houston's five Complete Communities and a designated Concrete Revitalization Area. It will offer an affordable option in a rapidly gentrifying neighborhood with escalating rental rates. The City of Houston invested $12,485,000 in Community Development Block Grant (CDBG) Disaster Relief funds, which were monies allocated to local municipalities by the U.S. Department of Housing and Community Development. Those funds were leveraged with 4% Housing Tax Credits and Bonds, allocated by the Texas Department of Housing and Community Affairs. Additional grants and contributions from private sources helped to close the funding gap.

13. NHH Savoy - 120 units This multifamily property is our second for working families. It is also the second New Hope property in Houston's Southwest Sharpstown neighborhood, just a block from the Dale Carnegie SRO. This high-quality apartment community is thoughtfully designed near health and education institutions in a transit-centric neighborhood near high frequency bus lines. The NHH Savoy property was completed in Q3 2023 and offers 120 apartment homes comprised of 1-, 2- and 3-units and 6,000 square feet of shared community space.The City of Houston invested $13.2MM in Community Development Block Grant (CDBG) Disaster Relief funds. These are monies allocated to local municipalities by the U.S. Department of Housing and Community Development to help Texas rebuild and recover from Hurricane Harvey. Those funds were leveraged with 9% Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs. Additional grants and contributions from private sources closed the funding gap.

14. NHH Berry - 180 unitsNew Hope Housing Berry (NHH Berry) is located in the Northline neighborhood. It opened in 2025 and offers 180 low-income households a resilient and sustainable solution to the increasing affordable housing shortage in the wake of Hurricane Harvey and the pervasive substandard rental housing for families.

15. NHH Gray - 135 unitsIn Q2 2021, New Hope received approval from Midtown Redevelopment Authority (MRA) to begin pre-development of New Hope Housing Gray (NHH Gray). This project opened in 2025 and houses 135 low- to moderate-income seniors. It is located in the historic Third Ward on Gray Street as a collaboration between New Hope Housing, MRA, and the Center for Civic and Public Policy Improvement(CCPPI).

16. NHH Ennis - 102 unitsNew Hope Housing Ennis (NHH Ennis) opened in 2025 and is New Hope's second affordable community serving seniors and is located in Houston's vibrant East Downtown neighborhood.

17. NHH Avenue C - 120 units New Hope Housing Avenue C (NHH Ave C) will be New Hope's third affordable community serving seniors and will be located in the East End.

18. Other program services, not described on the e-filed return.

    $320,953 spent$1,145,651 earned by the program
    14% of program spending

The 18 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,216,628.