NHPF Builds

NHPF BUILDS HOUSTON

RoseMary’s Place Apartments 3300 Caroline Street, Houston, TX 77004 / 149 units

In 2023, NHPF broke ground on new construction to create 149 affordable rental apartments for those

experiencing homelessness in Houston. When completed later in 2024, Rosemary’s Place will also feature offices for Magnificat Houses Inc., a 55-year- old nonprofit which welcomes the unsheltered into a dozen family-style group homes, many proximate to RoseMary’s Place. In easy walking distance are St. Joseph’s Clubhouse, MHI’s accredited psycho-social rehabilitation center which empowers the mentally ill, and the Moran Training Center where residents learn useful skills to foster growth in stability, productivity and independence. The brand new housing in the Midtown area is also conveniently located near a transportation hub and several homeless services providers.

North Post Oak Lofts 1300 North Post Oak Boulevard, Houston, TX / 247 units 1255 North Post Oak Boulevard, Houston, TX / 330 units

In 2019, NHPF worked with the Houston Housing Authority’s Public Finance Corporation to acquire two Class A luxury apartment complexes in the high- opportunity North Post Oak neighborhood. The portfolio consists of 247 units at 1300 North Post Oak and 330 units at North Post Oak Lofts. This public-private partnership with the local housing authority enabled NHPF to significantly increase the buildings’ occupancy while also preserving 51% of the units for households at or below 80% of the AMI, including fourteen apartments serving families earning less than 50% of AMI. The remaining 49% of the units are offered at market-rate rents. Residents include teachers, public safety officers,

and young professionals. These properties are a successful example of mixed-income living that affirmatively furthers fair housing by offering lower income families high-quality housing in an amenity-rich area.

NHPF BUILDS TEXAS