Construction Scheduled for Affordable Senior Housing Complex

Houston, October 29, 2007 — Mayor Bill White joined City of Houston Housing’s Director Richard Celli, Community Development Department, Assistant Director Donald Sampley, City Council members, State Rep. Hubert Vo, VN TeamWork Board Members and stakeholders for the Groundbreaking Ceremony of sixty (60) senior affordable housing units. The proposed development, known as Golden Bamboo Village, is located at 12010 Dashwood Drive in Southwest Houston. The three story complex received a $3.3 million Home Investment Partnership grant from the City of Houston’s Housing and Community Development Department.

“Taking care of our seniors is a top priority. The amenities offered by this state of the art facility provide a comfortable and rewarding place to call ‘home’,” said Mayor White.

The facility will feature perimeter fencing with access gates; clubhouse, leasing office, community and exercise space, computer center and laundry, storage, and maintenance areas. Other features include full kitchen packages (range/oven, refrigerators, vent hood/fan, garbage disposal), carpeting and vinyl tile flooring. Energy efficient appliances, patios/balconies, and ceiling fans will be provided in each unit.

Approximately seventy-three percent (73%), or 44 units, will be restricted as affordable housing to seniors 62 and older whose annual income does not exceed 60% of the area median income.

VNTW is a 501 (c) (3) nonprofit community-based organization in Houston that has provided community service programs and training programs for the community for over 10 years. VNTW is certified as a Community Housing Development Organization (CHDO), which will allow VNTW to focus on the provision of decent housing that is affordable for low-to-moderate income people in the Greater Houston area.