Within Houston's Inner Loop the demand for affordable housing is such that mixed-income communities have lengthy waiting lists. Avenue Terrace, a 144-unit, Near Northside property, is one of these communities. Located just north of downtown, the apartment complex is 100 percent occupied and said to have a waitlist of three to six months depending on unit type. “Currently, we have long waiting lists on many of our developments," said Mary Lawler, executive director of Avenue Community Development Corp (Avenue CDC). The nonprofit developer completed Avenue Terrace in 2011 and has developed a total of 133 single-family homes and 594 affordable rental units within Houston's Inner Loop. Roughly 85 percent of Avenue Terrace's units are subsidized apartments, with low-income renters paying anywhere from $343 to $872 a month. According to Rent Jungle, one-bedroom apartments within 10 miles of downtown Houston rented for an average of $1,317 in October. The average rent for...
- Avenue Community Development Corp. is one of Houston's main producers of affordable housing.
- At some subsidized apartments certain renters can pay as low as $350 a month.
- The to-be-developed Hardy Yards site will house at least one a large mixed-income community.