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HOPE HOUSING FOUNDATION

Hope Housing Foundation (HOPE) is a Texas nonprofit corporation dedicated to the creation and preservation of affordable workforce housing for low to moderate income families and individuals, and community development. The Foundation, which is headquartered in McKinney, Texas, was incorporated as a 501(C)(3) in 1998. As a nonprofit organization committed to housing, HOPE reinvests excess revenues in its charitable mission. HOPE has a business model that will position us as one of the most effective, impactful nonprofit affordable workforce housing organizations in the Country.

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Community Properties Listing

  • 1-3 Beds
  • 1-2 Baths
  • 676-1,117 Sq Ft

Ridge at Trinity Apartments

Ridge at Trinity Apartments are located in Southeast Dallas on South Loop 12 between U.S. Route 175 and interstate 45. The surrounding area is primarily residential with commercial

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  • 1-3 Beds
  • 1 Baths
  • 648-968 Sq Ft

Lavaca Landing Apartments

Lavaca Landing Apartments is located off of Hwy 90 Alt (Fairwinds St.) and Donna Drive. Located at the edge of town, Lavaca Landing Apartments is a 3 minute ride to the Historical

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  • 1-3 Beds
  • 1-2 Baths
  • 668-1,336 Sq Ft

Cypress Cove Apartments

Cypress Cove features a very attractive unit mix with 84 one bedroom-one bath units offering 668 square feet, 248 two bedroom-one bath units offering 848 square feet, 120 three

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  • 1-3 Beds
  • 1-2 Baths
  • 556- 984 Sq Ft

Eban Village Aparments

Eban Village is an affordable apartment community located in Dallas, Texas which is located in Dallas County. The property is located in Texas’s 30th Congressional District. Eban

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  • 2-3 Beds
  • 1-2 Bath
  • 915- 1,086 Sq Ft

Sea Breeze Apartments

Experience Port Lavaca living at Sea Breeze Village. From location to floorplan options, the professional leasing team is excited to help you find your new place. Schedule a time

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  • 3 Beds
  • 2 Baths
  • 1,236 Sq Ft

Sea Greens Apartments

Sea Greens contains a mix of 110 assisted three bedroom individual apartment homes for rent. There are 110 Three (3) Bedroom apartments in this property. The unit mix is 100% Three

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Lastest News at Hope Housing Foundation

Proposes Housing Development

By DD TURNER May 1, 2018 Updated May 1, 2018 A proposed housing development would help address a few pressing needs – affordable homes for ...

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Hope Housing Foundation to Develop the Proposed Veterans’ Village of Port Lavaca

Hope Housing, a leader in developing and managing high quality, affordable housing communities, will be delivering new, innovatively planned housing ...

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MULTI-FAMILY HOMES

Preserving Communities

As one of the most experienced nonprofit affordable housing developers in the country, Hope Housing Foundation (HOPE) has the ability to handle every aspect of affordable real estate development including project financing, community outreach and planning, construction management, property management and asset management. We are one of only a few national organizations that provide affordable housing for all low- and moderate-income populations. We serve families, seniors, and people with special needs within the full spectrum of affordable housing, including supportive housing for the formerly homeless, transitional housing, permanent rental, and affordable homeownership opportunities. HOPE partners nationally and regionally with public, private and government partners to combine the best affordable housing development practices to build or reposition our communities.

HOPE is also addressing the critical gap in the supply of affordable housing through affordable housing preservation. Thousands of multifamily rental properties are at risk of being lost from the pool of available affordable housing because of expiring public funding. By buying, refinancing and upgrading those facilities, Hope Housing can supply more affordable housing opportunities for the long term without engaging in a great deal of new construction.

HOPE has also worked with other Non-Profit entities to become a replacement General Partner in Tax Credit developments where the current General Partner has funding issues, operating deficits, and the property has or is experiencing accumulated amounts of deferred maintenance. These particular transactions provide the Limited Partners with comfort that a stable, experienced, and capable General Partner will work diligently to minimize any potential recapture of Credits.

PARTNER WITH US

Investors are important to our mission and to helping us assist families find quality, affordable homes. By partnering with us, you are meeting a critical need and helping the most vulnerable families in our population. Your support makes it possible for families to transition out of shelters and into homes and neighborhoods where they have a chance to bring structure to the family unit, develop meaningful relationships within the community, and become productive, contributing members to the greater society.

HOPE Housing Foundation is committed to giving kids a home and helping them ease the trauma brought on by homelessness; investors are critical in making this happen. We can only achieve our goals by having partners who are also committed to helping families and kids who are living in crisis and assist them in focusing on long-term planning. Our passion extends to not only providing permanent housing but also helping families achieve stability, invest in their futures, and moving them out of poverty. Your investment in our foundation and in the population we serve is extremely important. By partnering with us, you will help us strengthen family bonds, impact lives, and help families’ transition successfully from homelessness to self-sufficiency.

Hope Housing Foundation utilizes several strategies to ensure a successful purchase, rehabilitation, and stabilization of a new acquisition. These strategies include but are not limited to; purchasing the development at a low per unit cost and completely addressing all necessary deferred maintenance. In many cases it is necessary to replenish the development with the necessary operational items such as new appliances and make ready tools. All un-rentable units are addressed immediately to begin increasing occupancy and stabilizing the development, while maintaining a focus on reducing the operational expenses.. Lastly, curb appeal is a big draw, and Hope focuses heavily on the right presentation of each development, so all issues projecting a negative image are addressed immediately.

Hope, through its wholly owned subsidiary Assertive Management Group, LLC reduces the developments operating expenses in several ways. Such actions include, but are not limited to, the implementation of inventory control procedures, applying preventative maintenance practices, hiring qualified maintenance staff, and providing training to onsite employees.

By applying these techniques, Hope has the ability to leverage additional capital for rehabilitation and stabilization. The total amount leveraged is at or below 50% of the stabilized value of the development.

A limited partnership structure and mezzanine debt financing (with a conversion option to ownership) are two of the structures utilized for acquiring and rehabilitating the developments. Traditional bank financing is used as the senior debt vehicle and preferred equity is used for the difference. After eighteen to thirty six months of efficient operations and management (maximizing the rent growth opportunity and increasing occupancy to market levels), the developments are considered stable. at this time the process begins to reposition the debt for a return of equity and refinance of senior debt for long term hold.

Partners are encouraged to inquire:

HOPE has the ability to participate in and acquire these types of transactions across the United States. Note Holders and property owners are approaching the Foundation daily with multiple opportunities. The opportunity for Investors and or Investor Limited Partners exist on any strategic level. For additional information and questions regarding next steps please contact Alvin Johnson.

our leaders

ALVIN JOHNSON

President

January 2011-Present

President, Hope Housing Foundation (HOPE) Assertive Management Group, LLC – Amarillo, Texas

Hope Housing Foundation is a Texas nonprofit corporation dedicated to the creation and preservation of affordable workforce housing for low to moderate income families and individuals, and community development.... Read more


Doneric Norwood, Chairman

Elected January 2013

13907 Montfort Dr. Suite 2142

Dallas, Texas 75240

Doneric.norwood@foodtoyou.com

  • Employed: Menu Runners\President Restaurant
  • Delivery Service
  • Worth the Wait Non Profit\Director

Pamela Thomas, Director

Elected January 2015

(Resident of QCT (Qualified Census Tract) Neighborhood and Community

2245 Earl Street

Beaumont, Texas 77703

Pamela.thomas@gmail.com

Employed: United States Postal Service\Mail Carrier\U.S. Postal Service

Spindletop Branch 842 Postal Union Representative in the following capacities:

  • Stewart: Police NALC contact; represent members’ whose rights have been violated
  • Vice President: acts as president in elected Presidents’ absence

Jessica Dews, Director

Elected 2018

(Resident of QCT (Qualified Census Tract) Neighborhood and Community

7261 S. Great Trinity Forest Way #1111

Dallas, Texas 75217

J2dkdews@gmail.com

  • Employed: Universal Protection Services, LP
  • Security and Protection Services
  • No other organizational affiliations

Darrel Foster, Director

Elected May 2014

13030 Brynwood Lane

Sugarland, Texas 77498

Darrel.foster@sodexo.com

Employed: Sodexo\General Manager Engineer I
Commercial and Multi-family Facilities Operations Company
  • 10-year business and safety audit rating of 100%
  • HR Coordinator for the Southern District
  • Assisted with training new General Managers in Southern District
  • Graduate of Sodexo Emerging Leaders
  • Assisted with RFP throughout the country
  • Received Silver award for Outstanding Performance for 2010
  • Received an award for an informative facilities management video production
  • Food Service Certification
  • OSHA Certification in progress

Susan Richardson, Director

Elected September 2011

157 Bridgecrossing

Onalaska, Texas 77360

Skrr82@yahoo.com

Employed: Love Never Fails International Ministries \ Executive Director
International Faith Based Ministry

SUPPORTERS FOR Hope Housing Foundation

GET IN TOUCH

email

support@hopehousingfoundation.com

phone

214-842-8075
Mon-Fri: 10 AM to 4 PM EST

location

3900 S. Stonebridge Dr., Suite 304
McKinney, Texas 75070

HHF Location