Houston, TX, November 09, 2018 --(PR.com
)-- Trinity East Village Community Development Corporation (TEVCDC) announces its selection of NHP Foundation, Inc. (NHPF) as the developer for its affordable housing development project to be located in historic Third Ward, Texas, at 2500 McGowen between St. Charles Street and Live Oak Street. NHPF was chosen in part due to its commitment to the mission of affordable housing in Houston and other urban cities across the country. This housing development will be the first project as a part of TEVCDC’s larger strategy to develop affordable housing for seniors and other residents desiring to remain in the Third Ward area.
TEVCDC is a faith-based community development corporation sponsored by Trinity East United Methodist Church under the leadership of Reverend Marilyn White, senior pastor. “TEVCDC’s mission is to acquire property in Third Ward, raise critically needed funds to improve the neighborhood, and improve residents’ quality of life,” said TEVCDC Chair Herbert Green.
“This project will provide much-needed affordable housing for Houstonians, and a much-needed improvement of the surrounding neighborhood,” said Pastor Marilyn White. “It will also promote the mission of the church to be our brothers’ and sisters’ keeper.”
TEVCDC is grateful to the community leaders, local residents, and all of its partners for collaborating to find innovative solutions to our city’s housing needs.
“NHPF’s winning-proposal reflects TEVCDC’s commitment to finding bold solutions to the affordability housing needs in Third Ward,” said Curtis Davis, project manager of Emancipation Community Development Partnership, which is a strategic alliance between the Kinder Foundation, Project Row Houses, Houston Endowment and the Emancipation Economic Development Council. “We congratulate TEVCDC and its partners: ECDP, EEDC, APD Urban Planning + Management and NHPF for their commitment to community improvements that are at the heart of this project.”
NHPF is a not-for-profit real estate organization founded in 1989 and dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low and moderate income families and seniors, and beneficial to their communities.
Since its founding in 1989, NHPF has financed the acquisition, redevelopment and new construction of over 14,000 units of affordable housing. Their portfolio of multifamily housing is valued at approximately $681.6 million financed with debt, equity and capital subsidies working with a multitude of different lenders and investors. Their portfolio is, in and of itself, a testament to NHPF’s capacity to finance the TEVCDC Project. For more information visit: nhpfoundation.org.