New Hope Housing

What New Hope Housing does

New Hope Housing, Inc. is a Houston-based 501(c)(3) nonprofit affordable housing developer and operator founded in 1993. The organization develops, owns, and operates 15 affordable apartment communities across Houston comprising more than 1,300 apartment homes, serving more than 3,000 residents annually — including individuals and families earning 30–80% of Area Median Income, single adults on limited incomes, and seniors aged 55+ on fixed incomes. Housing vouchers are accepted at all properties, and studio efficiency units rent at $600/month for private pay.

The core offering combines permanent, affordable housing with onsite wraparound social services — its "Housing + Services" model — delivered through deep partnerships with SEARCH Homeless Services (since 1997), Star of Hope, Buckner Family Hope Center, Healthcare for the Homeless–Houston, Bezos Academy, and the Barbara Bush Houston Literacy Foundation. Properties feature amenities such as onsite clinics, preschools, libraries, food pantries, community rooms, and outdoor courtyards. The organization has accumulated $285M in total real estate assets since 1993 while remaining debt-free, and its developments include Texas's first LEED-certified affordable multifamily building (Sakowitz).

Revenue is generated from three streams: apartment rentals ($15.8M in 2024), contributions and grants ($5.0M), and earned fees from consulting and developer services to peer organizations including the Houston Area Women's Center, Cady Lofts, and The Roz in Austin ($10.0M). Total operating support reached $30.9M in 2024 against $26.9M in operating expenses, with 76% of spend allocated to housing. The GTM motion is direct-to-consumer via individual property leasing offices and community events such as the annual From Hope to Home Gala and the Chevron-sponsored Back-to-School Bash. There is no proprietary technology platform; the company relies on direct human-delivered services, standard property management tooling, and a small digital marketing presence.

Name

New Hope Housing

Legal name

New Hope Housing, Inc.

Website

https://newhopehousing.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

New Hope Housing is a Houston-based 501(c)(3) nonprofit that develops and operates 15 affordable apartment communities (1,300+ homes) serving low-income individuals, families, and seniors through a Housing + Services model combining permanent housing with onsite social services.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Other Community Housing Services (624229), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Community Housing Services (62422)

SIC

Services-Social Services (8300), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing services
• Supportive housing programs
• Property management
• Resident services
• Community development

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Apartment Rentals: Rental income from 1,300+ affordable apartment homes across 15+ communities in Houston, Texas. Residents pay rent set at affordable rates, with private pay rental rates at $600/month for studio efficiency apartments, and rates determined by income and family size for other units. Housing vouchers are accepted.
2. Contributions and Grants: Private and public donations, corporate sponsorships, and foundation grants from individuals, organizations, and government entities. In 2024, contributions and grants totaled $5,005,050.
3. Earned Fees: Fees earned from consulting services provided to other housing developers and organizations. New Hope Housing has shared its best practices with the Houston Area Women's Center (developer for supportive housing near NRG Stadium), Cady Lofts, and The Roz in Austin. In 2024, earned fees totaled $10,024,951.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

New Hope Housing develops, owns, and operates affordable apartment communities in Houston, Texas, providing permanent, below-market rental homes paired with onsite wraparound social services (the "Housing + Services" model). The organization serves low-income individuals, families, and seniors earning 30–80% of Area Median Income, and also generates earned income through consulting services to other affordable housing developers.

Differentiator

Problem solved

Functional benefit

Products and services

• NHH Berry Community Affordable family housing community in Houston's Greater Northside offering 180 one-, two-, and three-bedroom apartment homes for families and individuals with modest incomes.
• The Gray Senior Community New Hope's first community exclusively for seniors age 55+, offering 135 one- and two-bedroom apartment homes in Houston's historic Third Ward neighborhood with 67 project-based housing vouchers for extremely low-income seniors.
• NHH Ennis Senior Community Affordable senior housing community offering 102 one- and two-bedroom apartment homes for seniors age 55+ in East Downtown Houston earning 30–60% of area median income, supported by an $850,000 FHLB Dallas/Comerica Bank AHP grant.
• NHH Reed Supportive Housing Community New Hope's first supportive housing property for vulnerable families, offering 187 one-, two-, and three-bedroom apartments with onsite Reed Family Clinic (Healthcare for the Homeless–Houston) and Bezos Academy tuition-free Montessori preschool.
• NHH Harrisburg Affordable studio efficiency apartments (175 units) in Houston's historic East End, also housing the corporate headquarters on its fourth floor. Replaced NHH Hamilton.
• NHH Dale Carnegie 170 studio efficiency affordable apartments in the Sharpstown-Gulfton area; Houston's first affordable housing built after Hurricane Harvey.
• NHH Savoy 120 affordable one-, two-, and three-bedroom apartments in Sharpstown-Gulfton area; New Hope's second multigenerational community for families and individuals on limited incomes.
• Avenue J Multigenerational Community New Hope's tenth affordable development and first multigenerational apartment community, offering 100 one- and two-bedroom apartments in the Second Ward/East End for working individuals, families, and people on fixed income.
• NHH Brays Crossing 149 studio efficiency apartments in the Gulfgate/Pine Valley neighborhood, transformed from the deteriorating HouTex Inn; recipient of Urban Land Institute's 2011 Award for Excellence in the Americas for extensive public art with Mexican cultural themes.
• NHH Canal 134 studio efficiency apartment homes in the historic Second Ward/East End neighborhood.
• NHH Congress 57 studio efficiency affordable apartments in downtown Houston in the historic 1926 Del May Hotel; assumed by New Hope Housing in 2002.
• NHH Perry 160 affordable studio efficiency apartment homes in Foster Place, OST/South Union area, near University of Houston and Texas Southern University.
• NHH Rittenhouse Studio efficiency affordable apartment homes in Highland Heights.
• NHH Sakowitz 166 studio efficiency affordable apartment homes in the Greater Fifth Ward/Denver Harbor area; first LEED-certified 'green' affordable multi-family housing in Texas.
• Housing + Services Resident Support Program Wraparound onsite social services delivered at all New Hope communities, including wellness programs, educational pathways (LIFT program), food pantries, community events, case management, and healthcare referrals provided to residents in partnership with SEARCH Homeless Services, Star of Hope, and Healthcare for the Homeless–Houston.
• Affordable Housing Development Consulting Consulting and developer services provided to other affordable housing organizations, sharing 30+ years of best practices in real estate development, resident services delivery, and property management. Clients have included Houston Area Women's Center (developer for supportive housing near NRG Stadium), Cady Lofts, and The Roz in Austin. Generated $10,024,951 in earned fees in 2024.

Quantifiable outcome

• More than 3,000 residents served in 2025 alone
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core, major, strategic and foundational.

• Houston Housing AuthoritycoreStrategic or Co-development PartnerPartnership with the Houston Housing Authority for the Berry community and for The Gray, where 67 project-based housing vouchers allow the organization to serve more seniors with extremely low incomes.
• Bezos AcademycoreStrategic or Co-development PartnerOnsite tuition-free Montessori-inspired preschools at NHH Reed (opened fall 2023), Berry (opening 2026), and The Gray communities. Operated as Bezos Academy Houston – Southside, offering year-round programming for children ages 3–5.
• Healthcare for the Homeless–Houston (UT Health)coreStrategic or Co-development PartnerThe Reed Family Clinic at NHH Reed opened in June 2021, operated by Healthcare for the Homeless–Houston and staffed by UT Health. Creates robust whole-family healthcare for Reed residents. The JHB at Acres Homes will also include an in-house clinic operated by the same organization.
• Star of Hope MissioncoreStrategic or Co-development PartnerSocial service partner adjacent to the NHH Reed development. Star of Hope's Women & Family Development Center provides daily access to services for Reed residents on the Cornerstone Community campus.
• SEARCH Homeless ServicescoreStrategic or Co-development PartnerSEARCH Homeless Services has been New Hope Housing's first and longest-standing services partner since 1997, offering onsite case management. The partnership is based on shared values and a mutual belief in people's potential.
• ChevronmajorGTM or Marketing PartnerChevron sponsored the 2025 and 2026 Back-to-School Bash events for New Hope Housing communities, providing school supplies, uniforms, STEM activities, and community engagement for hundreds of children living in New Hope communities.
• Buckner Family Hope CentercoreStrategic or Co-development PartnerAdjacent to the Reed development, providing family support services on the Cornerstone Community campus alongside Star of Hope and New Hope Housing.
• Houston Area Women's CenterstrategicStrategic or Co-development PartnerNew Hope Housing served as developer for a supportive housing development near Houston's NRG Stadium for the Houston Area Women's Center.
• Cady Lofts and The Roz (Austin)strategicStrategic or Co-development PartnerPermanent Supportive Housing developments in Austin for which New Hope Housing served as developer, sharing best practices from its 30+ years in real estate development, resident services delivery, and property management.
• Barbara Bush Houston Literacy FoundationcoreStrategic or Co-development PartnerPartnership to establish onsite libraries at New Hope communities. The Barbara Bush Family Library opened at Avenue J in September 2025, New Hope's third library in partnership with the foundation's Young Professionals Group.
• Christ Church Cathedral-EpiscopalfoundationalStrategic or Co-development PartnerFounding partner that in 1993 challenged parishioners to a dollar-for-dollar fundraising campaign, raising $1.25 million to incorporate New Hope Housing and build the first 40 units of single-room occupancy rental housing in Houston.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Others

• Local Initiatives Support Corporation (LISC): LISC is a national community development financial institution (CDFI) that funds affordable housing, economic development, and resident services nationwide. LISC sits on New Hope's board, signaling a close relationship; LISC is a capital-and-capacity intermediary rather than a direct operator, but its Houston programs are highly comparable.

Direct peers

• Houston Habitat for Humanity: Houston Habitat for Humanity is a Houston-based nonprofit developing affordable housing for low-income families through a homeownership model. Like New Hope, it focuses on the Houston affordable housing market, but it emphasizes for-sale homeownership rather than rental with wraparound services.
• The NHP Foundation: The NHP Foundation is a national nonprofit that develops and preserves affordable and supportive housing, often partnering with healthcare and service providers to deliver resident outcomes. Highly comparable mission and operating model to New Hope's Housing + Services approach.
• Mercy Housing: Mercy Housing is one of the largest U.S. nonprofit affordable housing developers, operating more than 50,000 homes across 40+ states with a service-enriched housing model very similar to New Hope's Housing + Services approach. Closest national analog in mission and operating model.
• BRIDGE Housing: BRIDGE Housing is a West Coast nonprofit affordable housing developer with more than 13,000 apartments and a service-enriched model comparable to New Hope. Similar mission and operational approach; differs in geographic focus on California rather than Texas.
• Avenue CDC: Avenue CDC is a Houston-based community development corporation focused on affordable housing and community revitalization along the Near Northside and surrounding neighborhoods. Directly comparable as a Houston nonprofit affordable housing developer serving low-income residents, though smaller in scale than New Hope.

Regional players

• BakerRipley: BakerRipley is a Houston-based community development nonprofit providing wraparound social services, education, and affordable housing. Comparable in Houston footprint and the housing-plus-services approach; weaker direct housing development versus New Hope.
• Houston Housing Authority: Houston Housing Authority is the local public housing authority administering Section 8 vouchers, public housing units, and project-based rental assistance. New Hope partners with HHA for project-based vouchers (e.g., 67 at The Gray); HHA is a complementary rather than competing operator in the Houston affordable housing ecosystem.

Broad incumbents

• Enterprise Community Partners: Enterprise Community Partners is a national nonprofit that develops affordable housing, deploys capital through LIHTC syndication, and advocates for housing policy. Much larger and broader in scope than New Hope; operates as both developer and capital provider across the affordable housing ecosystem.
• Volunteers of America: Volunteers of America operates affordable and supportive housing nationwide, with extensive service-enriched programs for seniors, families, and homeless individuals. National-scale nonprofit with a comparable housing + services philosophy, but broader in scope and more reliant on government contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubevimeo.com/user39881130
• Facebookfacebook.com/newhopehousinginc
• LinkedInlinkedin.com/company/new-hope-housing-inc.
• Instagraminstagram.com/newhopehousinghouston

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Hope Housing