June 10, 2008
Dear Fifth Ward Residents:
As of June 2008, Houston Hope has made it possible for 74 families to be able to buy quality affordable homes in re-energized areas of the city. Houston Hope is Mayor Bill White's initiative to reinvest in several of Houston 's historic neighborhoods through a combination of stabilizing activities such as coordination of public safety programs, rehabbing existing homes, providing quality new affordable homes, and improving infrastructure and drainage. As participants of the Houston Hope initiative, qualified buyers in the targeted areas may receive up to $30,000 in down payment assistance.
Pedraza Construction has 7 homes under construction, with qualified buyers approved, and 5 already moved in.
Currently, the Land Assemblage Redevelopment Authority (LARA) has purchased 932 properties citywide, with 77 of these in the Fifth Ward area, where 7 families are already in their new homes or will be moving in shortly.
Ms. Harriet Day, a pediatrics nurse on a fixed come, had been a renter for over 25 years. Years ago, Ms. Day had made up her mind that she would never be able to afford her own house. Fortunately, a friend of hers shared the good news about the Houston Hope program. Now, Ms. Day's monthly mortgage payment is close to what she was paying in rent, and she is building equity in her own home!
If you're interested in the Fifth Ward Area, please contact:
Tejano CDC: 713.640.9990 or email@example.com.
Pedraza Construction: 281-850-9971
If you would like to learn more about Houston Hope, please call 713.522.HOME or visit www.houstonhopehomes.org. If you are a builder and would like to partner with a HUD Certified Community Development Corporation to build in any of the targeted Houston Hope Neighborhood, please go to www.houstontx.gov/lara.