Affordable Housing Community for Veterans Opens
- Aug 30, 2013
By Amalia Otet, Associate Editor
Public officials and non-profit groups marked a milestone in the effort to end homelessness among Houston-area veterans with the recent opening of Travis Street Plaza, a $19 million permanent housing community for very low-income, homeless, and disabled veterans. Cloudbreak Houston, an affiliate of Cantwell-Anderson Inc., developed the project.
Located at 4500 Travis St., Travis Street Plaza comprises 188 efficiency and 4 one- bedroom units primarily for individuals earning at or below 60 percent of area median income. Some units are reserved for residents earning at or below 30 percent of AMI. Community amenities include perimeter fencing, controlled access, laundry rooms, covered pavilion with barbecue grills and tables, fitness center, community room and 87 covered parking spaces.
Travis Street Plaza joins Midtown Terrace, a 286-unit facility on the campus, which provides residential treatment and transitional housing for Houston area veterans. Residents have access to a wide range of services, including mental health counseling, medical care, job training, benefits counseling and rehabilitation, from a variety of government agencies and nonprofit organizations.
Houston Mayor Annise Parker, city officials, and representatives of Cantwell-Andersen, Inc./Cloudbreak Houston, National Equity Fund, Inc., Amegy Bank, the Federal Home Loan Bank of Dallas, the U.S. Department of Veterans Affairs, Houston and Harris County housing officials and residents participated in the event.
“Travis Street Plaza is a great example of how the private and public sectors can work together to offer our veterans—heroes who risked their lives to protect us—a safe and affordable place to call home with access to services that can help lead to self-sufficiency,” Parker said.
National Equity Fund provided $11.1 million through low-income housing tax credits, Amegy Bank and FHLB Dallas provided a $500,000 Affordable Housing Program grant. The ciity of Houston, the Texas Department of Housing and Community Affairs, New Man L.L.C., and Cantwell-Anderson, Inc., also contributed funding.
Cloudbreak companies have completed nearly 1,800 units in five states. Another 700-plus units are in the pipeline, according to the company.
Photo: National Equity Fund