February 11, 2008
Dear Fifth Ward Residents:
We are proud to bring you the February 2008 monthly update on Houston Hope, through which 45 families have now been 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 older 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 a participant of the Houston Hope initiative, qualified buyers in the targeted areas may receive up to $30,000 in down payment assistance.
Pedraza Construction has begun construction of 13 affordable houses, 6 of which have been pre-sold to qualified buyers.
Currently, the Land Assemblage Redevelopment Authority (LARA) has purchased 861 properties citywide. Seventy-six of these properties are in the Fifth Ward area. Four families have already purchased and have moved into or will be moving into their new home shortly.
Historical fact: Finnigan Park, the second public park for blacks in Houston , opened in Fifth Ward. This park was named after Miss Annette Finnigan, who donated eighteen acres of land in 1940 to the city of Houston for use as a park. At that time, due to segregation, the only other green space open to blacks was Emancipation Park .
If you're interested in the Fifth Ward Area, please contact:
Tejano CDC: 713.640.9990 or firstname.lastname@example.org.
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.