NHP Foundation Case Study: Cleme Manor Apartments
The area an individual resides in contributes significantly to their overall mental health and quality of life. Everything from education, job options, and financial standing can be impacted, directly or indirectly, by where a person lives. These considerations were at the forefront of the Cleme Manor Apartments in Houston’s Greater Fifth Ward neighborhood. The project’s goal was to revitalize and redevelop the housing complex and nearby community park to provide a reprieve from rising crime rates and low academic achievement. Cleme Manor accounted for roughly half of the students enrolled at Nathaniel Q. Henderson Elementary school, which was functioning at half capacity and facing the threat of closure.
D3G CEO Robert Hazelton shares his thoughts on industrialized housing in the Evidence Matters Newsletter
“…As Robert Hazelton, chief executive officer of Dominion Due Diligence Group, puts it, “Industrialized housing savings are not only in the hard construction costs but also in the monetization of a more efficient construction timeframe, including less construction interest, less construction waste, and [an] increased absorption rate.”
RAD
Rental Assistance Demonstration, or RAD, is a voluntary program that falls under the Department of Housing and Urban Development (HUD). The purpose of RAD is to “preserve public housing by providing Public Housing Agencies (PHAs) with access to more stable funding to make needed improvements to properties,” states hud.gov. It’s estimated that public housing units country-wide need more than $26 billion in repairs. These repairs are referred to as ‘capital needs’, which the government defines as any cost of repairs and replacements beyond ordinary maintenance required to make housing decent and economically sustainable.
Popular Industry Acronyms
Acronyms are helpful for quickly and effectively spreading your message… as long as you know what they mean! D3G is here to help you break down the acronyms of the public housing industry.