Houston-based nonprofit New Hope Housing Inc. will break ground on its first affordable housing project in southwest Houston before the end of the year, according to company president and CEO Joy Horak-Brown.
New Hope Dale Carnegie, a $28 million project, is funded from a mix of different sources, including $14 million in low income tax subsidies, $8.5 million from the city of Houston and $5.5 million from private fundraising.
This will be New Hope’s first new construction project since Hurricane…
