Best Nonprofit Houston 2000 - Avenue Community Development Corporation
While most people are loath to acknowledge it, Houston's housing boom has a downside, too: higher rents and less affordable single-family housing. Avenue CDC was formed in 1991 by a handful of residents of the Sixth Ward, back when demands for inner-city housing forced out lower-income renters and homeowners who had settled there when times were not so flush. Since then, despite the city of Houston's inherent distrust of anyone not motivated by the bottom line, Avenue CDC has become one of the area's most productive nonprofits. Through a program called Move Home, Avenue CDC has relocated 15 houses slated for demolition to vacant lots, where the structures were rehabilitated and sold to low-income families. The group also helped save the historic Deihl House in the Sixth Ward and is trying to cut a deal with Harris County to renovate the First Ward's dilapidated Jefferson Davis Hospital into loft-style apartments for low-income artists. Perhaps Avenue CDC's most impressive accomplishment is Washington Courtyards, a brand-new 74-unit apartment complex on Washington Avenue. Financed largely through the state's housing tax-credit program, the Courtyards started taking applicants earlier this summer. More than half the units are reserved for families earning less than $25,000. Avenue CDC also conducts a bilingual education and counseling program for first-time home buyers of limited means. Last year 80 "graduates" from the group's program went on to qualify for mortgage assistance from the city, which helped them to purchase their first homes.