Hope Housing Foundation (HOPE) is a registered 501(c)3 organization. Your gift is tax deductible to the extent allowed by the law.
As one of the most experienced nonprofit affordable housing developers in the country, Hope Housing Foundation... Read more
Eban Village, Ridge at Trinity Apartments, Cypress Cove Apartments, Sea Greens Apartments, Lavaca Landing Apartments... Read more
Investors are important to our mission and to helping us assist families find quality, affordable homes... Read more
Hope Housing Foundation (HOPE) is a Texas nonprofit corporation dedicated to the creation and preservation of affordable workforce housing for low to moderate income families and individuals, and community development. The Foundation, which is headquartered in McKinney, Texas, was incorporated as a 501(C)(3) in 1998. As a nonprofit organization committed to housing, HOPE reinvests excess revenues in its charitable mission. HOPE has a business model that will position us as one of the most effective, impactful nonprofit affordable workforce housing organizations in the Country.
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Lavaca Landing Apartments is located off of Hwy 90 Alt (Fairwinds St.) and Donna Drive. Located at the edge of town, Lavaca Landing Apartments is a 3 minute ride to the Historical
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Cypress Cove features a very attractive unit mix with 84 one bedroom-one bath units offering 668 square feet, 248 two bedroom-one bath units offering 848 square feet, 120 three
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Eban Village is an affordable apartment community located in Dallas, Texas which is located in Dallas County. The property is located in Texas’s 30th Congressional District. Eban
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Experience Port Lavaca living at Sea Breeze Village. From location to floorplan options, the professional leasing team is excited to help you find your new place. Schedule a time
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Sea Greens contains a mix of 110 assisted three bedroom individual apartment homes for rent. There are 110 Three (3) Bedroom apartments in this property. The unit mix is 100% Three
More infoBy DD TURNER May 1, 2018 Updated May 1, 2018 A proposed housing development would help address a few pressing needs – affordable homes for ...
Read moreHope Housing, a leader in developing and managing high quality, affordable housing communities, will be delivering new, innovatively planned housing ...
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Cypress Cove features a very attractive unit mix with 84 one bedroom-one bath units offering 668 square feet, 248 two bedroom-one bath units offering 848 square feet, 120 three bedroom-one and a half bath units
Read more
Cypress Cove features a very attractive unit mix with 84 one bedroom-one bath units offering 668 square feet, 248 two bedroom-one bath units offering 848 square feet, 120 three bedroom-one and a half bath units
Read more
Cypress Cove features a very attractive unit mix with 84 one bedroom-one bath units offering 668 square feet, 248 two bedroom-one bath units offering 848 square feet, 120 three bedroom-one and a half bath units
Read more
Eban Village is an affordable apartment community located in Dallas, Texas which is located in Dallas County. The property is located in Texas’s 30th Congressional District. Eban Village is an apartment community containing
Read more
Eban Village is an affordable apartment community located in Dallas, Texas which is located in Dallas County. The property is located in Texas’s 30th Congressional District. Eban Village is an apartment community containing
Read more
Eban Village is an affordable apartment community located in Dallas, Texas which is located in Dallas County. The property is located in Texas’s 30th Congressional District. Eban Village is an apartment community containing
Read more
Lavaca Landing Apartments is located off of Hwy 90 Alt (Fairwinds St.) and Donna Drive. Located at the edge of town, Lavaca Landing Apartments is a 3 minute ride to the Historical downtown area of Hallettsville.
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Lavaca Landing Apartments is located off of Hwy 90 Alt (Fairwinds St.) and Donna Drive. Located at the edge of town, Lavaca Landing Apartments is a 3 minute ride to the Historical downtown area of Hallettsville.
Read more
Experience Port Lavaca living at Sea Breeze Village. From location to floorplan options, the professional leasing team is excited to help you find your new place.
Read more
Experience Port Lavaca living at Sea Breeze Village. From location to floorplan options, the professional leasing team is excited to help you find your new place.
Read more
Sea Greens contains a mix of 110 assisted three bedroom individual apartment homes for rent. There are 110 Three (3) Bedroom apartments in this property. The unit mix is 100% Three Bedroom apartment rentals.
Read more
Sea Greens contains a mix of 110 assisted three bedroom individual apartment homes for rent. There are 110 Three (3) Bedroom apartments in this property. The unit mix is 100% Three Bedroom apartment rentals.
Read moreAs one of the most experienced nonprofit affordable housing developers in the country, Hope Housing Foundation (HOPE) has the ability to handle every aspect of affordable real estate development including project financing, community outreach and planning, construction management, property management and asset management. We are one of only a few national organizations that provide affordable housing for all low- and moderate-income populations. We serve families, seniors, and people with special needs within the full spectrum of affordable housing, including supportive housing for the formerly homeless, transitional housing, permanent rental, and affordable homeownership opportunities. HOPE partners nationally and regionally with public, private and government partners to combine the best affordable housing development practices to build or reposition our communities.
HOPE is also addressing the critical gap in the supply of affordable housing through affordable housing preservation. Thousands of multifamily rental properties are at risk of being lost from the pool of available affordable housing because of expiring public funding. By buying, refinancing and upgrading those facilities, Hope Housing can supply more affordable housing opportunities for the long term without engaging in a great deal of new construction.
HOPE has also worked with other Non-Profit entities to become a replacement General Partner in Tax Credit developments where the current General Partner has funding issues, operating deficits, and the property has or is experiencing accumulated amounts of deferred maintenance. These particular transactions provide the Limited Partners with comfort that a stable, experienced, and capable General Partner will work diligently to minimize any potential recapture of Credits.
Investors are important to our mission and to helping us assist families find quality, affordable homes. By partnering with us, you are meeting a critical need and helping the most vulnerable families in our population. Your support makes it possible for families to transition out of shelters and into homes and neighborhoods where they have a chance to bring structure to the family unit, develop meaningful relationships within the community, and become productive, contributing members to the greater society.
HOPE Housing Foundation is committed to giving kids a home and helping them ease the trauma brought on by homelessness; investors are critical in making this happen. We can only achieve our goals by having partners who are also committed to helping families and kids who are living in crisis and assist them in focusing on long-term planning. Our passion extends to not only providing permanent housing but also helping families achieve stability, invest in their futures, and moving them out of poverty. Your investment in our foundation and in the population we serve is extremely important. By partnering with us, you will help us strengthen family bonds, impact lives, and help families’ transition successfully from homelessness to self-sufficiency.
Hope Housing Foundation utilizes several strategies to ensure a successful purchase, rehabilitation, and stabilization of a new acquisition. These strategies include but are not limited to; purchasing the development at a low per unit cost and completely addressing all necessary deferred maintenance. In many cases it is necessary to replenish the development with the necessary operational items such as new appliances and make ready tools. All un-rentable units are addressed immediately to begin increasing occupancy and stabilizing the development, while maintaining a focus on reducing the operational expenses.. Lastly, curb appeal is a big draw, and Hope focuses heavily on the right presentation of each development, so all issues projecting a negative image are addressed immediately.
Hope, through its wholly owned subsidiary Assertive Management Group, LLC reduces the developments operating expenses in several ways. Such actions include, but are not limited to, the implementation of inventory control procedures, applying preventative maintenance practices, hiring qualified maintenance staff, and providing training to onsite employees.
By applying these techniques, Hope has the ability to leverage additional capital for rehabilitation and stabilization. The total amount leveraged is at or below 50% of the stabilized value of the development.
A limited partnership structure and mezzanine debt financing (with a conversion option to ownership) are two of the structures utilized for acquiring and rehabilitating the developments. Traditional bank financing is used as the senior debt vehicle and preferred equity is used for the difference. After eighteen to thirty six months of efficient operations and management (maximizing the rent growth opportunity and increasing occupancy to market levels), the developments are considered stable. at this time the process begins to reposition the debt for a return of equity and refinance of senior debt for long term hold.
HOPE has the ability to participate in and acquire these types of transactions across the United States. Note Holders and property owners are approaching the Foundation daily with multiple opportunities. The opportunity for Investors and or Investor Limited Partners exist on any strategic level. For additional information and questions regarding next steps please contact Alvin Johnson.
Hope Housing Foundation is a Texas nonprofit corporation dedicated to the creation and preservation of affordable workforce housing for low to moderate income families and individuals, and community development.... Read more
13907 Montfort Dr. Suite 2142
Dallas, Texas 75240
2245 Earl Street
Beaumont, Texas 77703
Employed: United States Postal Service\Mail Carrier\U.S. Postal Service
Spindletop Branch 842 Postal Union Representative in the following capacities:
7261 S. Great Trinity Forest Way #1111
Dallas, Texas 75217
13030 Brynwood Lane
Sugarland, Texas 77498
157 Bridgecrossing
Onalaska, Texas 77360
support@hopehousingfoundation.com
214-842-8075
Mon-Fri: 10 AM to 4 PM EST
3900 S. Stonebridge Dr., Suite 304
McKinney, Texas 75070
