New Hope Housing at Reed

2605 Reed Rd, Houston, Texas 77051

New Hope Housing at Reed offers affordable housing for at-risk families with children. The community offers 1-bedroom, 2-bedroom and 3-bedroom floor plans with each apartment home including a fully-equipped kitchen, free utilities, and in-unit washer/dryer. Community amenities include a business center, community kitchen, coin-operated laundry facility, community library, teen/activity room, outdoor courtyard with grills, playground, and resident events and activities. Enhanced support services and amenities help Reed residents thrive, including an on-site health clinic; a market; an urban prairie; and the Houston-Southside Bezos Academy, free for children ages 3-5. New Hope Housing Reed offers a unique campus atmosphere and is located adjacent to the Reed Road Park and Ride as well as a short driving distance to Downtown Houston. The community is in close proximity to many local restaurants & retail and driving distance to rhe Houston Methodist Hospital.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/2)	-	Call for Price

Eligibility for New Hope Housing at Reed

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 New Hope Housing at Reed.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$19,600	$22,400	$25,200	$30,000	$35,140	$40,280
50%	$32,650	$37,300	$41,950	$46,600	$50,350	$54,100

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Houston but actual income limits may differ for units at New Hope Housing at Reed.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$32,650	$37,300	$41,950	$46,600	$50,350	$54,100
Low Income (60%)	$39,180	$44,760	$50,340	$55,920	$60,420	$64,920

New Hope Housing at Reed Details

187 one, two and three bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)

Property Amenities

Playground
On-Site Manager
On-Site Maintenance
Laundry Facilities
Courtyard
Picnic Area

Unit Amenities

Air Conditioning
Utilities Included
Fully Equipped Kitchen
Washer and Dryer Included

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.