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	<title>Easing Archives - VRJ Properties</title>
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	<title>Easing Archives - VRJ Properties</title>
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		<title>New Hope Easing Houston Sr. Housing Shortfall</title>
		<link>https://vrjproperties.com/new-hope-easing-houston-sr-housing-shortfall/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Fri, 09 Feb 2024 18:33:17 +0000</pubDate>
				<category><![CDATA[BTR]]></category>
		<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[Easing]]></category>
		<category><![CDATA[Hope]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Houston]]></category>
		<category><![CDATA[Shortfall]]></category>
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					<description><![CDATA[<p>New Hope Housing recently broke ground on New Hope Housing Ennis – a new construction, 102-unit property that will provide much-needed affordable housing to the 55+ community for the Houston Metro area. 11 units will be reserved for individuals with...</p>
<p>The post <a href="https://vrjproperties.com/new-hope-easing-houston-sr-housing-shortfall/">New Hope Easing Houston Sr. Housing Shortfall</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="5b975f43-2cd8-4c3c-9758-40599d9dee45"><strong>New Hope Housing</strong> recently broke ground on New Hope Housing Ennis – a new construction, 102-unit property that will provide <strong><a href="https://nlihc.org/gap/state/tx">much-needed</a></strong> affordable housing to the 55+ community for the Houston Metro area.</p>
<ul data-beyondwords-marker="89255678-0733-4506-ac4e-0a2db6a9546c">
<li data-beyondwords-marker="01aed6fe-541c-4d10-8b13-6dbd81caca88">11 units will be reserved for individuals with household income below 30% of AMI</li>
<li data-beyondwords-marker="7bc339cb-229e-4cb5-8ba5-a195f2f727bc">42 units will be reserved for those with household income below 50% AMI</li>
<li data-beyondwords-marker="5f3ddb75-1500-441f-b797-0482fe951420">49 units will be reserved for those with household income below 60% AMI</li>
</ul>
<p data-beyondwords-marker="2d49e347-27dc-4649-8262-af270b46d3d3">GSMA is the architect for the building, and Camden Builders is the general contractor. NHH Ennis was made possible in part by financing from Capital One, who originated a $16 million low-income housing tax credit (LIHTC) equity investment and a $16 million construction loan. The development received $9 million in ARPA funding from Harris County. National Equity Fund served as the LIHTC syndicator.</p>
<p data-beyondwords-marker="ef1ab7c8-df84-4311-82f3-62fc07d08c16">Onsite resident services will include case management, emergency assistance and financial support, informational and referral services, and educational and recreational opportunities. </p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/new-hope-easing-houston-sr-housing-shortfall/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/new-hope-easing-houston-sr-housing-shortfall/">New Hope Easing Houston Sr. Housing Shortfall</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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