Houston Area Community Development Corporation

“HACDC has one member, 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 of New Hope Housing, Inc. 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.”

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

“OTHER PROGRAM SERVICES 4: NHH at Sakowitz 166 units To facilitate the development of 2424 Sakowitz, the City of Houston made a performance based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to Sakowitz SRO, Ltd. The development also includes financing from 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 Brown Foundation, The Fondren Foundation and other foundations and corporations.Sakowitz is the first LEED certified affordable housing in the State of Texas, and it is also Houstons first green multifamily housing development. The fact that Sakowitz is supportive housing and that it has achieved platinum certification the highest level makes this recognition even more significant. Situated in Greater Fifth Ward/Denver Harbor, Sakowitz opened in October 2010. OTHER PROGRAM SERVICES 5: NHH at Perry 160 unitsTo facilitate the development of 4415 Perry, the City of Houston made a performance based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to Perry SRO, Ltd. The development also includes financing from 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 Brown Foundation, JPMorgan Chase Foundation and other foundations and corporations.As a LEED platinum certified property, 4415 Perry is New Hopes second energy-efficient, green property. The building opened in October 2012.Situated in one of Houstons historic neighborhoods, Foster Place, the Perry property is located south of the University of Houston off Griggs Road and Cullen Boulevard. Perry is New Hopes sixth SRO community. OTHER PROGRAM SERVICES 6: NHH at Rittenhouse 160 unitsTo facilitate the development of Rittenhouse, the City of Houston made a performance based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to Rittenhouse SRO, Ltd. The development also includes financing from 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 Brown Foundation, The Meadows Foundation, and other foundation and corporate supporters. As a LEED platinum certified development, Rittenhouse is New Hopes third energy-efficient, green property. Rittenhouse is New Hopes first property north of Loop 610 and is located off I-45 North at the corner of Stuebner Airline and Rittenhouse Road. Rittenhouse is New Hopes seventh SRO property. The building opened in December 2013, and reached stabilized occupancy in record time, which speaks strongly to the dire community need for this type of housing.”

“An audit of the consolidated statements of financial position of New Hope Housing, Inc. and Affiliates was conducted for the year ended December 31, 2014. Houston Area Community Development Corporation is a sister non-profit organization of New Hope and its financial information was included in the consolidated audited financial statements.”