Building Communities
2013 saw the addition of six properties to the NHPF portfolio, creating more than 1,100 units of affordable housing under the NHPF umbrella. These acquisitions are in both urban and suburban settings, serving both seniors and families.
PEPPER TREE MANOR Attractive and Affordable New Housing for Houston Seniors Pepper Tree Manor is comprised of 250 units providing affordable living for seniors on 15 manicured acres. Pepper Tree Manor has 125 1-bedroom units and 125 2-bedroom units, each featuring granite countertops, 9-foot ceilings, crown molding, and energy-efficient features. The community offers a lap pool, a community vegetable and flower garden, fitness center, fully equipped business center, library, clubhouse, and entertainment areas.
TOTAL COST $8,182,247
SECURED FINANCING $3,950,000 PNC BANK FIRST MORTGAGE $380,247 SELLER FUNDS $3,852,000
TDHCA 2ND MORTGAGE (NSP) FUNDS
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