Canal Street Apartments

Format
Full

City
Houston

State/Province
TX

Country
USA

Metro Area
Houston

Project Type
Multifamily Rental

Location Type
Other Central City

Land Uses
Multifamily Rental Housing
Office
Open space
Parking

Keywords
Affordable housing
Catalytic development
Communal space
Low-income housing
Nonprofit developer
Self-sustaining operating budget
Single-room-occupancy housing
Stabilized housing
ULI Awards for Excellence 2009 Finalist
Urban regeneration

Site Size
1.6 acres
acres hectares

Date Started
2004

Date Opened
2005

Canal Street Apartments is a 133-unit single-room occupancy building in Houston, Texas’s historic East End neighborhood. Apartments are reserved for tenants who earn up to $27,820, which is 65 percent of the area median income (AMI) of $42,812.50. However, 120 of the units are set aside for those who earn less than half of the AMI. As of spring 2009, the building is 96 to 98 percent occupied and units rent for less than $400 per month. By using clean lines and a modern aesthetic, project developer New Hope Housing Inc., sought to give Canal the appearance of a market-rate building. The apartments have had a catalytic effect on the neighborhood with nearby properties undergoing new development, such as a new market-rate loft housing development and a new restaurant.

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Date Completed:
Case Study/Profile Type: DCS
Website: http://http://www.canalplaceapartments.net/
World Region: North America
Developer(s): New Hope Housing Inc
Website (Dev.): http://www.newhopehousing.com
Designer(s): The Architecture Studio of Val Glitsch
Website (Des.): http://www.valglitsch.com

ULI Awards for Excellence 2009 Finalist