HOUSTON – Houston Habitat for Humanity has secured $33 million in funding to develop Robins Landing, a master-planned community serving low to moderate income Houstonians in their journey to homeownership, the non-profit organization announced Tuesday.
“We are excited to begin building the necessary infrastructure to develop a resilient, sustainable community in northeast Houston,” said Allison Hay, Houston Habitat for Humanity executive director. “Houston Habitat has 34 years of experience building homes and neighborhoods across the city and has learned to successfully develop communities while listening to the needs of the people in the areas we serve. We are pleased to receive support from Mayor Turner, the City of Houston, and Arnold Ventures for this important project.”
Houston Habitat for Humanity received the following funds for the project:
- $4.79 million from previously appropriated TIRZ Affordable Housing funds and TIRZ Bond fund.
- A $1.5 million commitment from Habitat for Humanity International.
- An interest-free loan of $7.5 million from Arnold Ventures.
- A low-interest loan of $2.5 million from Houston Housing Finance Corporation.
According to a news release, Houston Habitat for Humanity intends to utilize the funds for phase development and infrastructure work at the site, including storm water retention and drainage, utilities, streets, and access points to the future community.
Per the release, Robins Landing is set to include more than 450 single-family homes, 100 of which will be built by Houston Habitat for Houstonians earning 80% or below the City of Houston’s average median income while 300 homes will be designed and priced for those whose income is 120% average median income or below.