New Hope Housing, Inc."I appreciate that this is a drug-free community and there is no smoking or drinking allowed in the community rooms.""I appreciate that this is a drug-free community and there is no smoking or drinking allowed in the community rooms.""I appreciate that this is a drug-free community and there is no smoking or drinking allowed in the community rooms."
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  About New Hope Housing  



Officers, Directors & Staff
  Mission

New Hope’s core purpose is to create life-stabilizing affordable apartment homes with a sense of dignity for adults who live singly on limited incomes. We are committed to the development and operation of single room occupancy (SRO) efficiency apartments with enhanced access to social services. Our mission is to stabilize lives through permanent SRO housing.

History and Purpose

New Hope was founded with the conviction that a crisp, clean external environment facilitates internal change. We began in 1993 to develop and operate efficiency apartment housing stock and are widely recognized as having established the model for SRO housing in the State of Texas. Today, New Hope is an award-winning organization and the pioneer in the effort to build affordable SRO housing in Houston. We are fully dedicated to offering more than residents might expect from a SRO dwelling that leases for approximately $400 per month, including all utilities paid and cable television access.

Since inception we have offered quality supportive SRO housing to more than 5,500 people, many who ultimately transition to market-rate housing or reconnect with family.

New Hope serves adults who live singly on limited incomes. If employed, many earn no more than the $7.25/hour minimum wage. The population served by New Hope finds it difficult, if not impossible, to cover market-rate housing costs and other basic living expenses. Residents include veterans, the elderly, students, those with minor disabilities, individuals overcoming substance abuse, and the formerly homeless.

We have a proven business model for developing debt-free SRO properties that operate in the black, with rental income covering building operating costs and a long-term replacement reserve. New Hope has contributed significantly to the community of organizations working to revitalize Houston’s inner city by providing a practical and proven solution to the affordable housing crisis.

New Hope is the best example of the private sector working with the public sector to meet Houston’s critical housing needs.

Vision

Our long-term goal is to develop and operate more than 1,000 supportive SRO units and to become a permanent institution in metropolitan Houston. This ambitious goal requires committed, substantial funding of New Hope as an institutional developer, in place of historical project-by-project support.



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