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Multifamily Development

%

Percentage of Houstonians who rent their homes

%
Percentage of households affected by Harvey were renters

On average, renter households struggle to find affordable options more than homeowners. 46% of renter households spend 30% or more of their monthly income on housing. 23% spend 50% or more. Three-fifths of children live in rental units. So do two-thirds of Houston’s foreign-born population.

Houston was short on affordable multifamily homes before Hurricane Harvey. Now, our need is even more urgent. The Harvey Multifamily Program builds and repairs multifamily developments. These new and refurbished units will stay affordable to low- and moderate-income residents for at least 20 years.

Map of Selected Developments

The first of three rounds of funding for multifamily development opened in February 2019 and closed April 12, 2019. Fifty-six applications were reviewed and 15 were selected for funding. The selected developments will create 1,604 apartments in Houston, the majority of which will be rented at guaranteed-affordable rates to qualified renters.

Funding Timeline

June 2019 4th Quarter 2019 3rd Quarter 2020 2021
1st Round Applications Announcement of funded projects 2nd Round Applications 3rd Round Applications
$
million for over 1600 units by 2024

Applicants will apply for this funding through a Notice of Funding Available (NOFA) process. HCDD will update this website with important dates.

Requirements

Developments must:

The City prioritizes developments that:

  • Leverage other financing sources
  • Create mixed income housing opportunities
  • Are close to public transit and highly rated schools
  • Reinvest in Complete Communities and other Community Reinvestment Areas
  • Are located in areas where real estate values are rising and where many moderate- and low-income residents need affordable options
  • Protect from future flooding and climate concerns

News

City of Houston selects 4 more developments that create affordable apartments with federal funds for Harvey recovery

Disaster Recovery (DR-17) Multifamily Rental Program Guidelines

Application Log & Documents

The first of three rounds of funding for multifamily development opened in February 2019 and closed April 12, 2019. Fifty-six applications were reviewed and 15 were selected for funding. The selected developments will create 1,604 apartments in Houston, the majority of which will be rented at guaranteed-affordable rates to qualified renters.
Document NameLast Updated
Program OverviewNovember 2019
Program GuidelinesMay 2019
Application Log: 2019 Multifamily NOFA (DR-17)April 2019
2019 Multifamily NOFA (DR-17) MapMay 2019
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