A 149-unit development dedicated to individuals exiting homelessness has opened in Houston.
Developed by The NHP Foundation (NHPF), RoseMary’s Place provides residents with efficiency apartments and permanent supportive housing services in collaboration with Magnificat Houses.
“With RoseMary’s Place, NHPF hopes to help end chronic homelessness in Houston,” said Neal Drobenare, senior vice president of acquisitions. “The stable housing and services provided will give residents opportunities to live happy and productive lives.”
The four-story building includes property management offices, three multipurpose rooms, two gathering areas, a warming kitchen, and a 24-hour staffed entry desk.
“The Magnificat community is overjoyed to welcome RoseMary’s Place, and its 149 residents, onto our campus and into our hearts,” said Maureen Sanders, executive director of Magnificat. “We appreciate NHPF for its foresight in recognizing community support as key to healing homelessness—and for naming their building after our founder, Rose Mary Badami.”
The $45 million community was made possible by a robust public-private partnership.
Funding for the project included:
- $18.7 million from the city Housing and Community Development Department;
- $10.2 million from Harris County Community Services Department;
- $13.6 million in low-income housing tax credit equity from Hudson Housing Capital; and
- $2.4 million from a sponsor loan from Magnificat Houses.
NHPF is a nonprofit that owns and manages 65 properties across 16 states and the District of Columbia serving over 25,000 residents.
Founded in 1968, Magnificat Houses provides shelter, mental health support, and free meals to Houston’s most vulnerable.
