Affordable Homes For Third Ward Seniors to be Constructed with Disaster Recovery Funds
Homes destroyed by Hurricane Harvey will soon be replaced thanks to the Houston City Council unanimous approval for a $10.25 million dollar loan to construct The Citadel.
Non-profit developers NHP Foundation and Change Happens Community Development Corporation will construct this affordable home development at 3345 Elgin Street. The property will consist of 74 studio and one-bedroom apartment units designed for low-to-moderate income seniors at different levels of household income. Each unit will be maintain affordability for 40 years with rents ranging from $343 - $963 per month, depending on unit size and household income.
The property is close to neighborhood amenities such as grocery stores, a multi-service center, parks and schools. Serving low- to moderate-income seniors, certain numbers of units will be designated for different levels of income. Each unit will be made affordable for forty years, and net rents will range from $343 - $963 per month, depending on unit size and the household’s income.
This development adds to the revitalization of the historic Third Ward community while providing seniors with access to key resources and services.
The development adds to the revitalization of an historic area and will provide seniors with access to key resources, on-site services and amenities such as exercise classes, social events, and a food pantry.
