Houston Area Urban Community Development Corporation, (HAUCDC) a separate community housing development organization (CHDO) of the Houston Area Urban League (HAUL) in partnership with Brook Community Development will kick off a new homeownership program for Veterans, “Homes for Veterans”. The kick-off event will be held on February 23, 2013, 1301 Texas Avenue (Houston Area Urban League building) at 1:30 p.m. This program is designed to make homeownership affordable for all qualified veterans. Homes being offered have been rehabilitated and are located throughout the greater Houston area for purchase at 75% of value.
Through normal attrition, 250,000 military personnel will leave the military and become Veterans every year through 2031. Texas has the second-highest number of Veterans in the country. Because the U.S. is scheduled to withdraw nearly 100,000 military personnel from Afghanistan in 2014, the number of Veterans entering the state will be incomparable to any Veteran population increase experienced since the end of the Vietnam War. Upon leaving the military, housing is a crucial need for Veterans and their families to stabilize and return to civilian life.
The “Homes for Veterans” program is made possible through a property donation program provided by Bank of America in partnership with the National Community Stabilization Trust, a national nonprofit organization helping communities access solutions to rebuild strong and stable neighborhoods. HAUCDC has an extensive inventory of rehabilitated homes available for purchase by Veterans at substantially reduced cost. The after repair value of the properties range from $85,000 to $150,000.
During the kick-off event, a virtual tour will be conducted and additional information about purchasing will be provided. Veterans interested in attending the event are asked to pre-register for limited seating and to bring a few required documents. Please call 713-393-8781 or visit www.haul.org no later than February 19, 2012 to register.
ABOUT HOUSTON AREA URBAN LEAGUE
The Houston Area Urban League (HAUL), founded in 1968, is a United Way agency affiliated with the National Urban League. Its mission is to help those in need to secure economic self-reliance, parity and civil rights.
ABOUT HOUSTON AREA URBAN COMMUNITY DEVELOPMENT CORPORATION
Created in 2010 by HAUL as a separate 501©3 to develop affordable housing for low to moderate income people up to 120% of area median income.