Avenue Community Development Corporation Overview
Programs: Avenue CDC provides free homebuyer education and counseling to help low-income and moderate income families through the process of applying for a mortgage and purchasing a home. In 2007, 582 households received counseling services, and 76 of those succeeded in purchasing a home. Avenue CDC develops affordable homes for purchase by low-income and medium income households via our MoveHome program, through which donated houses are moved to vacant lots in the community, rehabilitated, and made available for purchase by low-income families. This program helps to revitalize and stabilize the community while empowering the low-income homebuyers. We also newly construct homes for purchase by low- to moderate-income buyers. As of 2007, Avenue CDC had completed 63 homes. In 2000, Avenue CDC finished construction on Washington Courtyards, a 74-unit, mixed income apartment complex minutes from Houston's downtown. In 2003, Oak Arbor Townhomes opened providing 94 affordable apartments to Houston's Northside. Oak Arbor was developed by Avenue CDC in partnership with Realtex Development Corporation. In 2006, Avenue partnered with Realtex to develop Redwood Heights, which consists of 96 mixed-income rental units in the Eastex/Jensen area of northeast Houston. Avenue CDC coordinates supportive services for the residents of the Washington Courtyards, Elder Street Artist Lofts, Oak Arbor Townhomes and Redwood Heights. Supportive services programs include computer labs, after-school activities and a community garden.
Avenue CDC''s first project was a collaborative effort with the Greater Houston Preservation Alliance to rehabilitate two historic Sixth Ward homes for low-income homebuyers. In response to requests from civic clubs from surrounding neighborhoods, Avenue CDC has since expanded its target area to include the entire Washington Avenue and Near Northside communities, located directly North and Northwest of Houston''s downtown. Avenue CDC''s diverse board is representative of the community it serves. Avenue CDC''s by-laws require that two-thirds of the Board members live or work in the community. Board members include attorneys, accountants, architects, and small business owners.
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