NHP Foundation JV Opens Affordable Houston Project
The property comprises 95 permanent supportive housing units.
Temenos Community Development Corp., in partnership with nonprofit The NHP Foundation, has opened Rasmus-Temenos, a 95-unit permanent supportive housing community in Houston. Total development costs amounted to $34.8 million.
Rising six stories, the property encompasses studio apartments ranging from 350 to 368 square feet, according to Yardi Matrix data, and an entire floor is dedicated to at-risk youth. The community also includes shared space for supportive service programs and office space for Temenos CDC.
The building replaces Temenos II, an 80-unit community completed in 2016 that was demolished to make way for a highway expansion, Houston Chronicle reported.
