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Affordable Housing at Critical Stage

Houston’s affordable housing crisis, which has been exacerbated by the devastating impact of Hurricane Harvey, has put homeownership out of reach for many low and moderate-income residents.

Avenue affordable homes Avenue Meadows is under construction by Avenue, a nonprofit affordable home developer.

HOUSTON—The Northline community near the city’s urban core, long known for its rich history, is home to approximately 16,000 people–more than 32% of which live below the federal poverty level, compared to Houston’s overall poverty rate of 23%. Nearly 25% of residents are housing cost-burdened, spending 30% or more of income on housing costs.

In order to fill this void for safe and affordable housing in that neighborhood, a new project is now under construction. Avenue, a nonprofit affordable home developer, has expanded its development portfolio with the addition of an affordable community, Avenue Meadows, slated to be complete before the end of the year.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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