NHP Foundation Closes Financing for Trinity East Village Senior to Preserve Affordable Housing in Houstons Third Ward
The NHP Foundation (NHPF) announced the financial closing for Trinity East Village Senior, a new 90-unit affordable housing community for seniors age 55 and older in Houston’s historic Third Ward. Developed in partnership with Trinity East Village Community Development Corporation (TEVCDC) and Housing Alliance HTX, the project advances preservation of affordability and replacement housing in a neighborhood experiencing rapid change.
Trinity East Village Senior will provide 60 replacement units for residents of Housing Alliance HTX’s Cuney Homes, which is being redeveloped through the federal Choice Neighborhoods Initiative. The development targets extremely low- and low-income seniors, with residents expected to have an average income of approximately 41 percent of Area Median Income (AMI). On-site resident services will be provided by Operation Pathways, NHPF’s resident services subsidiary, with support from Trinity East, to help older adults maintain independence and community ties.
“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.”
Financing for the project includes a seller note from Trinity East United Methodist Church, City of Houston funding, investment from Rice University’s Real Estate Group, and contributions from Bank of America and Churchill Stateside Group. Hudson Housing Capital served as tax credit syndicator, and the Midtown Redevelopment Authority contributed land. NRP Construction is set to begin work this summer, with occupancy anticipated in 2027.
“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 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. “It is so rewarding to partner with an organization that shares our vision for a vibrant, inclusive community of older adults.”
This transaction underscores the role of coordinated public, private, and nonprofit finance structures and resident-centered services in preserving affordability and enabling seniors to age in place. For the multifamily industry, Trinity East Village Senior reinforces the importance of long-term partnership strategies and replacement housing commitments when navigating redevelopment in rapidly changing neighborhoods.