CCH Commences Major Renovation of Affordable Housing Project in Texas
Oakland, CA: October 7, 2016
Christian Church Homes (CCH) closed on the financing for an $18.5 million preservation of Woodland Christian Towers in Houston, Texas which is set to commence in the October 2016. The property, built with a HUD 236 loan in 1971, serves 127 senior and disabled households in the city’s Northline neighborhood. Through the Texas Department of Housing and Community Affairs, this project received a tax credit award, amounting to approximately $6.5 million in equity for the renovation.
“This landmark project will provide deeply affordable, service rich, permanent rental housing for Houston’s senior, disabled, and formerly homeless households,” stated CCH Vice President of Real Estate Development Kathleen Mertz.
CCH’s major funding partners include U.S. Department of Housing & Urban Development, City of Houston, Harris County, National Equity Fund, Citibank, Freddie Mac, Corporation for Supportive Housing, Enterprise Community Partners, Houston Housing Finance Corporation, and the Disciples Church Extension Fund.
Once completed, Woodland Christian Towers will include a newly built 5,000 square foot Federally Qualified Health Clinic (FQHC). In addition to providing this underserved community with primary medical, dental, behavioral and mental health services, FQHC will also provide case management and housing stabilization services to formerly homeless households living at Woodland. The project is part of the City of Houston’s Initiative to End Homelessness which has made remarkable progress in reducing the City’s homeless population.
To learn more about Houston’s collaborative system to prevent and end homelessness, visit www.thewayhomehouston.org. CCH is proud to partner and collaborate on this exciting endeavor that will improve the lives of its residents and surrounding community members.
Established in 1961, Christian Church Homes is a non-profit organization that has been building and managing affordable housing communities where seniors can live and thrive in the comfort of their own home. Having served over 100,000 seniors over 50 years, CCH has now grown to 57 caring communities that are More Than A Home to residents in seven states. These communities benefit more than 4,000 seniors, as well as the local neighborhoods, towns and cities in which they live. Visit www.cchnc.org for more information.