Housing Channel

REVITALIZE DISTRESSED NEIGHBORHOODS IN TARRANT COUNTY AND THROUGHOUT TEXAS COMMUNITIES IN NEED AND INCREASE THE AMOUNTS OF DECENT, AFFORDABLE HOUSING AVAILABLE TO LOWER INCOME FAMILIES AND INDIVIDUALS WITH SPECIAL NEEDS.

ACQUISITION/REHABILITATION/RESALE (HOUSING REHAB): THE PURPOSE OF HOUSING CHANNELS HOUSING REHAB PROGRAM IS TO RENOVATE DILAPIDATED HOUSING STOCK, IMPROVE THE OVERALL VIABILITY OF LOCAL NEIGHBORHOODS, AND CREATE QUALITY, AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES. THIS PROGRAM IMPACTS LOCAL REDEVELOPMENT EFFORTS BY PROVIDING THE COMMUNITY WITH STABILIZED PROPERTY VALUES AND DECREASED RENTER-OCCUPIED HOUSING TO PROMOTE THE REVITALIZATION OF DISTRESSED NEIGHBORHOODS. ADDITIONALLY, THESE EFFORTS IMPACT THE BROADER COMMUNITY BY DECREASING NEIGHBORHOOD CRIME, GENERATING TAX REVENUE, CREATING JOBS, AND ELIMINATING BLIGHT, WHICH FURTHERS THE SUSTAINABILITY OF OLDER NEIGHBORHOODS AND DETERIORATING URBAN AREAS. AS A HUD APPROVED AFFORDABLE HOUSING PROVIDER, HC HAS BEEN ABLE TO ACQUIRE, REHABILITATE AND RESELL HUNDREDS OF UNITS THROUGHOUT TARRANT COUNTY AND NORTH TEXAS IN AN EFFORT TO PRESERVE EXISTING HOUSING STOCK.NEW CONSTRUCTION: HC PARTNERS WITH LOCAL STAKEHOLDERS TO ASSIST THEIR EFFORTS ON THE REVITALIZATION OF SOME OF THE CITIES' OLDEST URBAN, INNER-CITY NEIGHBORHOODS THROUGH INFILL DEVELOPMENT OF NEW SINGLE FAMILY HOMES TO CREATE AFFORDABLE HOUSING OPPORTUNITIES FOR LOWER INCOME HOUSEHOLDS. TO HELP ENSURE LONG TERM SUSTAINABILITY FOR THE HOMEBUYER, HC UTILIZES PIONEERING GREEN BUILDING TECHNIQUES TO GENERATE GREATLY REDUCED UTILITY BILLS, INCREASE AIR QUALITY AND PROVIDE HEALTHIER INDOOR ATMOSPHERE, AND LOWER THE EFFECT TO THE ENVIRONMENT. THE IMPACT OF THESE PROJECTS HAVE RESULTED IN THE INCREASE IN JOB CREATION; DECREASE OF VACANT, BLIGHTED INFILL LOTS; THE STABILIZATION OF PROPERTY VALUES IN TARGET NEIGHBORHOODS; AN INCREASE IN THE SUPPLY OF AFFORDABLE HOUSING; AND A POSITIVE IMPACT ON LOCAL REVITALIZATION EFFORTS AS IT PREVENTS FURTHER NEIGHBORHOOD DECLINE. AFFORDABLE RENTAL: HC OWNS AND PROFESSIONALLY MANAGES 240 MULTIFAMILY UNITS THROUGHOUT TARRANT COUNTY. UNITS ARE LEASED AT AFFORDABLE RENTS PRIMARILY TO VERY LOW- AND LOW-INCOME HOUSEHOLDS. MANY TENANTS ARE SINGLE-PARENTS, STRUGGLING TO FIND A SAFE, AFFORDABLE, AND PLEASANT ENVIRONMENT FOR THEIR CHILDREN. HC TAKES GREAT PRIDE IN MAINTAINING THESE PROPERTIES AT HIGH QUALITY STANDARDS. AS QUALITY, AFFORDABLE RENTAL UNITS ARE IN HIGH DEMAND DUE TO TIGHTER MORTGAGE QUALIFICATION REQUIREMENTS, AND LOW VACANCY RATES, TENANTS ARE ENCOURAGED TO TAKE ADVANTAGE OF FREE BUDGET AND CREDIT COUNSELING SERVICES OFFERED AT HC TO MOVE TOWARD AN OPPORTUNITY FOR IMPROVED CREDIT AND HOMEOWNERSHIP OPPORTUNITIES.