The NHP Foundation Closes Financing on 90-Unit Trinity East Village Senior Affordable Housing in Houston's Third Ward

The NHP Foundation and Trinity East Village Community Development Corporation have closed financing on Trinity East Village Senior, a new 90-unit affordable housing community for seniors age 55 and older in Houston's historic Third Ward, the organizations announced June 18.

The project was developed in partnership with Housing Alliance HTX. Construction is set to begin in summer 2026, with the community expected to welcome its first residents in 2027.

Project Details and Income Targeting

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. Of the 90 apartments, 60 will serve as replacement housing for residents of Housing Alliance HTX's Cuney Homes community, which is currently undergoing redevelopment through the federal Choice Neighborhoods Initiative.

Housing Alliance HTX is providing 81 Project-Based Vouchers to support the development. "Housing Alliance HTX recognizes the importance of this housing to keep communities intact during periods of neighborhood evolvement," said Jamie Bryant, President and CEO of 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."

On-site resident services will be provided by Operation Pathways, The NHP Foundation's resident services subsidiary, with additional support from Trinity East United Methodist Church. Those services are designed to help older adults maintain independence and remain connected to the community.

A Layered Capital Stack Across Public and Private Partners

The financing structure draws on a broad coalition of public, private, and faith-based sources. The capital stack includes a seller note from Trinity East United Methodist Church, funding from the City of Houston, and investment from Rice University's Real Estate Group. Bank of America and Churchill Stateside Group also provided funding, while Hudson Housing Capital served as tax credit syndicator. The Midtown Redevelopment Authority contributed land to support the project's feasibility.

NRP Construction will serve as the project's general contractor.

"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 and CEO of The NHP Foundation. "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."

Community Roots and Seven Years in the Making

Trinity East Village Senior is the product of a long-standing vision by Trinity East Village CDC and Trinity East United Methodist Church to develop affordable housing on land adjacent to the church and protect older adults with low incomes from displacement as neighborhood investment accelerates. The project has been in development for seven years.

"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."

The development has received broad support from community organizations and stakeholders throughout the Third Ward.

Replacement Housing and the Choice Neighborhoods Initiative

A central function of Trinity East Village Senior is to serve as replacement housing for Cuney Homes residents as that public housing community undergoes federally supported redevelopment. The 60 replacement units within the 90-unit project are intended to allow seniors to remain in the Third Ward community during the redevelopment process.

The NHP Foundation, a 501(c)(3) not-for-profit real estate corporation founded in 1989, currently owns and operates 61 properties across 15 states and the District of Columbia, serving more than 25,000 residents. Trinity East Village CDC is a faith-based community development corporation sponsored by Trinity East United Methodist Church, with a mission to acquire property in the Third Ward and improve residents' quality of life.

Sources

The NHP Foundation and Trinity East Village CDC Close Financing on Trinity East Village Senior — PR Newswire, June 18, 2026