Houston, Texas, December 4, 2025
The Federal Home Loan Bank of Dallas has announced an $850,000 grant for New Hope Housing, Inc. to develop NHH Ennis, an affordable senior living community in Houston’s East Downtown. This project aims to provide 112 apartments for seniors earning between 30% and 60% of the area median income, enhancing accessibility to essential services and community resources. The initiative demonstrates a collaborative effort to meet the increasing demand for affordable housing for seniors in the region.
Houston, Texas
$850,000 Affordable Housing Program Grant Supports New Senior Living Community in Houston
The Federal Home Loan Bank of Dallas (FHLB Dallas), in partnership with Comerica Bank, has awarded an $850,000 Affordable Housing Program (AHP) grant to New Hope Housing, Inc. (NHH) for the development of NHH Ennis, a new affordable housing community tailored for seniors in Houston’s vibrant East Downtown (EaDo) neighborhood. This significant funding initiative reflects a growing commitment to enhancing the quality of life for senior citizens in the area by providing them with affordable and accessible housing options.
NHH Ennis is set to offer 112 one- and two-bedroom apartments specifically designed for seniors earning between 30% and 60% of the area median income (AMI). The development boasts a strategic location close to healthcare facilities, community services, and essential amenities, making it convenient for residents to access the resources they need.
Financial Details
The $850,000 AHP grant, awarded through Comerica Bank, is part of FHLB Dallas’s robust strategy to support affordable housing initiatives throughout the region. In 2025, FHLB Dallas allocated a total of $73.5 million in AHP General Fund grants to 53 affordable housing projects across its district, aiming to create or rehabilitate 3,777 housing units to meet the increasing housing demands.
Community Impact
The NHH Ennis project exemplifies effective collaboration between mission-driven organizations and community-focused partners as they work to address the pressing need for quality senior housing in Houston. Beyond simply providing affordable residences, this development integrates supportive social service programs into the rent structure, which promotes a stable and fulfilling living environment for the occupants, thus addressing both housing and holistic wellbeing.
Background on FHLB Dallas and Comerica Bank
FHLB Dallas operates as a member-owned cooperative that bolsters housing and community development by providing competitively priced loans and other credit products to approximately 800 members and affiliated institutions across Texas and neighboring states. Comerica Bank, headquartered in Dallas, focuses on relationship-building and assisting individuals and businesses in achieving success.
About New Hope Housing, Inc.
New Hope Housing, Inc. is a nonprofit organization dedicated to delivering affordable housing solutions to low-income individuals and families. Their mission centers around creating and managing affordable housing communities that provide a secure and supportive environment for all residents.
Additional Information
The NHH Ennis development contributes to a broader initiative by FHLB Dallas and its affiliated institutions that seeks to address the affordable housing needs of seniors in the Houston region. This new project aligns with prior collaborations, such as the $750,000 AHP grant awarded to Covenant House Texas in May 2025, aimed towards enhancing residential housing for unaccompanied young adults.
Related News
In additional noteworthy developments, FHLB Dallas, along with Texas Capital Bank, has awarded a $1 million AHP grant to facilitate the construction of Spavinaw Creek Senior Housing in Gravette, Arkansas, which will provide affordable housing for residents aged 55 and older.
Contact Information
For further information about the Affordable Housing Program and other community development initiatives, please visit the FHLB Dallas website.
Frequently Asked Questions (FAQ)
What is the Affordable Housing Program (AHP)?
The Affordable Housing Program (AHP) is an initiative by the Federal Home Loan Bank of Dallas (FHLB Dallas) that provides annual competitive funding to support affordable rental housing and homeownership programs. These programs aim to assist low- and moderate-income individuals and families in obtaining safe and affordable housing.
How does the AHP grant support the NHH Ennis development?
The $850,000 AHP grant awarded through Comerica Bank will help fund the construction of NHH Ennis, a new affordable housing community for seniors in Houston’s East Downtown neighborhood. The grant is part of FHLB Dallas’s ongoing efforts to support affordable housing initiatives in the region.
Who is eligible to live in NHH Ennis?
NHH Ennis will offer 112 one- and two-bedroom apartments for seniors earning between 30% and 60% of the area median income (AMI). The development is designed to provide affordable housing options for low- and moderate-income seniors in Houston.
What amenities will be available at NHH Ennis?
In addition to a range of on-site amenities, NHH Ennis will offer residents supportive social service programs integrated into the rent. These programs aim to promote stability and well-being for the residents, ensuring they have access to essential services and resources.
How does this project fit into FHLB Dallas’s broader affordable housing initiatives?
The NHH Ennis development is part of a broader initiative by FHLB Dallas and its member institutions to address the affordable housing needs of seniors in the Houston area. This project follows previous collaborations, such as the $750,000 AHP grant awarded to Covenant House Texas in May 2025, which supported the expansion of residential housing for unaccompanied young adults.
How can I learn more about FHLB Dallas’s community development programs?
For more details on the Affordable Housing Program and other community development initiatives, visit the FHLB Dallas website.
Key Features of the NHH Ennis Development
| Feature | Description |
|---|---|
| Grant Amount | $850,000 AHP grant awarded through Comerica Bank |
| Location | East Downtown (EaDo) neighborhood, Houston, Texas |
| Number of Units | 112 one- and two-bedroom apartments |
| Income Eligibility | Seniors earning between 30% and 60% of the area median income (AMI) |
| Amenities | On-site amenities and supportive social service programs integrated into the rent |
| Partners | FHLB Dallas, Comerica Bank, New Hope Housing, Inc. |
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