The Historic Rental Initiative consists of forty (30 for lease) single family homes in the historic Fourth Ward community. The development includes thirteen newly constructed and twenty-seven homes rehabilitated in line with historical society standards. The homes masterfully complement the architectural vernacular of the community. In 2004, the project received the Landmark Award from the Houston Business Journal for the Best Community Impact.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Houston but actual income limits may differ for units at Historic Rental Initiatives.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Historic Rental Initiatives is managed by Houston Housing Authority.