New Hope Housing at Rittenhouse
Developer: New Hope Housing Inc.
Owner: New Hope Housing Inc.
The winner of the 2016 LIHTC Development that Best Exemplifies Major Community Impact Award is New Hope Housing Inc., for its development of New Hope Housing at Rittenhouse in Houston. The developer leveraged more than $9.4 million in low-income housing tax credits to create 160 units of affordable, single-room occupancy (SRO) housing. New Hope Housing at Rittenhouse provides tenants with the opportunity to live in high-quality, environmentally friendly, affordable housing developments with the critical support services to help them exit the cycle of homelessness and stabilize their lives. Rittenhouse also addresses Houston’s substantiated need for permanent supportive housing (PSH), which is defined as housing with both rental supports and vital services, and is designed to serve the city’s most vulnerable residents, including those with mental and physical disabilities.
In addition to offering 160 studio apartments and community spaces, the 74,000-square-foot development also features the New Hope’s Resident Services Program, which offers residents free life-skills classes, case management/referral services and social/recreational activities.
“It was a really groundbreaking innovation and design for the Houston homeless/SRO community.” Thomas Dixon, Boston Capital