NHP Foundation Closes Financing for Trinity East Village Senior to Preserve Affordable Housing in Houstons Third Ward

The NHP Foundation (NHPF) has closed financing for Trinity East Village Senior, a new 90-unit affordable housing community for seniors age 55 and older in Houston's Third Ward. Developed in partnership with Trinity East Village Community Development Corporation and Housing Alliance HTX, the project aims to preserve affordability and reduce displacement as the neighborhood experiences redevelopment.

Sixty of the 90 apartments will serve as replacement housing for residents of Housing Alliance HTX's Cuney Homes community, which is undergoing redevelopment through the federal Choice Neighborhoods Initiative. Financing for the project includes an 81 Project-Based Voucher commitment from Housing Alliance HTX, a seller note from Trinity East United Methodist Church, City of Houston funding, and investment from Rice Real Estate Group. Additional partners and funders include the Midtown Redevelopment Authority through a land contribution, Bank of America, Churchill Stateside Group, and Hudson Housing Capital as tax credit syndicator.

"Housing Alliance HTX recognizes the importance of this housing to keep communities intact during periods of neighborhood evolvement," said Jamie Bryant, President & CEO, Housing Alliance HTX, "The Alliance is pleased to play such a critical role in bringing this development to fruition through a substantial financial agreement including the provision of 81 Project-Based Vouchers."

NHP Foundation President and CEO Eric Price framed the closing as the result of a multiyear effort. "This closing marks an important milestone in our efforts to create high-quality affordable housing opportunities for Houston seniors, essential to preserving the diversity, history, and social fabric of neighborhoods experiencing significant growth and redevelopment while supporting the long-term revitalization of the Third Ward," said Eric Price, President & CEO, NHPF, "We want to thank both the Trinity East team and NHP Foundation staff for their perseverance and skill, working on the project for seven years to culminate in this tremendous achievement."

Trinity East Village Senior will serve extremely low- and low-income seniors, with residents expected to have an average income of approximately 41 percent of Area Median Income. On-site resident services will be provided by Operation Pathways, NHPF's resident services subsidiary, with support from Trinity East. Rev. Dr. Marilyn White emphasized the community-driven planning behind the project. "Trinity East Village Senior reflects years of community-driven planning and partnership aimed at ensuring that longtime Third Ward residents are not left behind as the neighborhood evolves," said Rev. Dr. Marilyn White, Executive Director of Trinity East Village CDC.

NRP Construction is scheduled to begin construction this summer, with residents expected to move in during 2027. The project demonstrates a cross-sector financing and partnership model that seeks to balance redevelopment pressures with long-term affordability and resident services. Multifamily Leadership will continue to follow how collaboration among mission-driven developers, local government, anchor institutions, and subsidy providers can support aging-in-place strategies in rapidly changing neighborhoods.