New Hope Housing Inc.

“Finance committee reviews and approves Form 990. Form 990 is distributed to governing body via email prior to filing.”

“Annual written disclosure by all officers, directors and key employees is required. If any conflicts are identified, the board of directors takes appropriate action.”

“The Executive Committee reviews the Executive Director's compensation using comparative data from similar organizations.”

“Executive Director reviews Director of Finance, with input from Treasurer; comparative data is used. Executive Director also reviews Director of Communities, Director of Development, Director of Real Estate Development and Office Manager. Other employees reviewed by direct supervisor, with final approval of Executive Director. All employees (except new hires) were reviewed in 2014.”

“Governing documents are made available upon reasonable request and at the corporate office.”

“OTHER PROGRAM SERVICES 4: NHH at Canal 134 unitsNew Hope Housing facilitated the development and construction of Canal Street Apartments, owned by its subsidiary, NHH-Canal Street Apartments, Inc. The Canal building is Houstons first SRO in a neighborhood and opened in November 2005 at 2821 Canal Street in Houstons historic Second Ward/East End. Canal serves adults living singly on low incomes. The Canal development received numerous accolades including an AIA-Houston design award; the 2009 ULI-Houston Development of Distinction award; and was a finalist for ULIs 2009 Award for Excellence-North and South America.This recognition proves that affordable SRO housing can fill a public need and still be stylish - all on a shoestring budget. The development costs were funded through a public/private partnership that includes the City of Houston, Texas Department of Housing and Community Affairs, the Federal Home Loan Bank of Atlanta, and a broad array of foundation, corporate, and individual donors. OTHER PROGRAM SERVICES 5: NHH at Congress 57 unitsThis property is owned and operated by Houston Area Community Development Corporation (HACDC). In 2002, HACDC became an affiliate of New Hope Housing, when the original board of directors passed governance to NHHI. The building is a moderate rehabilitation and modification of the Powell Hotel, which was established in 1925. The original renovation of the Congress property was completed in 1997 and received the Greater Houston Preservation Alliance Good Brick Award. In 2012, the U.S. Commerce Association honored 1414 Congress with the Best of Local Business Award, Individual & Family Services. At the end of October 2007, this property was temporarily closed for an intensive renovation and reopened in October 2010 to house the chronic homeless with disabilities. The original rehabilitation of the property performed before NHHI assumed governance was undercapitalized, and the contractor declared bankruptcy shortly after the original renovation was completed. Thus, the structure required substantial renovation and structural upgrades. OTHER PROGRAM SERVICES 6: NHH at Brays 149 unitsThe City of Houston approached New Hope to develop Brays Crossing what was once the dilapidated HouTex Inn. In late 2007, FDI-Houston SRO, Ltd. purchased property located at 6311 Gulf Freeway, I-45 at the Griggs Road exit. NHH at Brays Crossing, LLC is the general partner of FDI-Houston SRO, Ltd. New Hope Housing, Inc. is the developer of the Brays Crossing project that now offers efficiency apartment housing for individuals with low incomes. It also serves as a foundation for a large public art display that is integral to the building design. This site was financed with a combination of Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Meadows Foundation, and the United Way of Greater Houston. The property opened in February 2010. Brays Crossing has received numerous awards including: 2011 ULI Award for Excellence - North and South America; 2011 ULI-Houston Development of Distinction Award; two national Builders Choice Design & Planning Awards issued by the National Association of Homebuilders; two Houston Business Journal Landmark Awards; an AIA-Houston Design Award; a 2010 Mayors Proud Partner Award; and, most recently, a 2015 AIA-Texas Residential Design Award. OTHER PROGRAM SERVICES 7: NHH at Sakowitz 166 units Sakowitz is the first LEED certified affordable housing in the State of Texas, and it is also Houstons first green multifamily housing development. Situated in Greater Fifth Ward/Denver Harbor, the Sakowitz development opened in October 2010. This site was financed with a combination of Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contri”