Houston Area Community Development Corporation

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

“The Directors of HACDC are elected by the sole 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. President/CEO reviews, with input from Treasurer/CFO, and comparative data is used. President/CEO reviews Treasurer/CFO, Vice President of Onsite Operations, Vice President of Real Estate Development, Vice President of Fund Development and Communications, and Director of Human Relations. Other employees are reviewed by direct supervisors, with final approval of President/CEO. All employees (except new hires) were reviewed in 2021.”

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

“See "Part VII and IX" explanation in Schedule O for allocation of Joy Horak-Brown's time to HACDC. Form 990, Part VII, Compensation Explanation - Emily Abeln: The compensation reflected in Part VII for Emily Abeln pertains to her role as Director of Real Estate Development, not Assistant Secretary. See "Parts VII and IX" explanation in Schedule O for allocation of Emily Abeln's time to HACDC. Form 990, Parts VII and IX: The 2013 HOME Final Rule changed certain requirements for an organization seeking qualification as a Community Housing Development Organization ("CHDO"). Most importantly in HACDC's case, such an organization must have paid employees with housing experience appropriate to the role the organization expects to play in its housing projects. In the past, the experienced employees providing those services to HACDC were employed directly by New Hope Housing ("NHH") and no portion of their compensation was allocated to HACDC. To demonstrate compliance with these new rules, HACDC has made an allocation of the appropriate amounts of compensation related to services provided to it by NHH for the year 2020. Approximately 40% of Joy Horak-Brown's time is spent providing services to HACDC and 100% of Emily Abeln's time is spent providing services to HACDC. Form 990, Part VII, Section B - Independent Contractors: The amount reported on Part VII as compensation to Camden Builders was paid by HACDC on behalf of Harrisburg SRO, Ltd and NHH at Reed Ltd, related organizations shown in Schedule R.”

“New Hope's core purpose is to provide life-stabilizing, affordable, permanent housing with support services for people who live on very limited incomes. The nonprofit organization owns and operates single room occupancy (SRO) for individuals and affordable housing for families with children. Without permanent housing in a safe and nurturing environment, these men, women and children would be literally homeless or living in severely substandard conditions. More than 80% of New Hope's residents have an income of less than $16,000/yr. and more than 60% are formerly homeless direct indicators that New Hope serves the most vulnerable citizens. Incorporated in 1993 through the vision of the People of Christ Church Cathedral-Episcopal, New Hope Housing, Inc. and its family of organizations currently develops and manages high-quality, safe and affordable apartment homes with on-site supportive services. New Hope is recognized as having established the model for SRO housing in the State of Texas. New Hope's properties are recognized nationally and internationally for their innovative design and functionality and for the quality of life provided to residents. In 2012, New Hope received the Cornerstone Award presented by the Houston Apartment Association in honor of the organization's important work and uniqueness of the housing properties. The rental rates at all affordable housing properties operated by New Hope Housing, Inc. and its affiliates include free utilities, cable TV access, on-site support services, and, in some instances, high-speed internet. At each of the SRO properties, the front desk is staffed 24 hours a day, 7 days a week.”

“NHH at Brays Crossing - 149 units The City of Houston approached New Hope to develop Brays Crossing, what was once the dilapidated HouTex Inn. To facilitate the development, the City of Houston made a performance based grant to Houston Area Community Development Corporation, who, in turn, loaned the funds to FDI-Houston SRO, Ltd. The development also includes financing from Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from private charitable contributors, including the Houston Endowment Inc., The Meadows Foundation, and the United Way of Greater Houston. In late 2007, FDI-Houston SRO, Ltd. purchased the 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. The property serves as a foundation for a large public art display that is integral to the building design. Brays Crossing opened in February 2010.”

“NHH at Congress - 57 units This 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. 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.”

“Resident Services Program New Hope Housing offers permanent supportive housing to people who have a long-range need for low-cost, supportive housing. Of course, there are residents who prefer to live at a New Hope property during a transitional time in their lives, later reuniting with family or moving into market rate housing. Experience shows that more than fifty percent of New Hope's residents encounter instability in their lives and/or income due to isolation from family and other social contacts, illness, and loss of employment. As part of providing a supportive environment, New Hope operates the Resident Services Program, a three-pronged initiative that includes: (1) Assistance from the on-site Case Managers and Community Support Specialists who coordinate access to social services and to whom residents can turn if they are facing special difficulties; (2) Direct assistance with basic necessities and financial services that promote stability in the lives of residents; and (3) Educational opportunities/life skills training for spiritual and social well-being. These services provide the stability and self-sufficiency necessary to encourage productivity and responsibility to break the cycle of homelessness. Houston is the nation's fourth largest city, yet it is woefully behind in meeting the substantiated need for more units of permanent, affordable housing. This drives New Hope's intent to be an enduring institution serving people in Houston experiencing homelessness and those at risk of becoming unhoused.”

“Transfer from New Hope Housing, Inc. 1,281,839.”