Center for Pursuit

4400 Harrisburg

Houston, TX 77011

Census Tract

48201310400

Poverty Rate

40.10%

Median Income

39.28%

Total Project Cost

$52,115,000

Federal NMTC Financing

$7,500,000

Project Completion

January 2022

The Project

The Center for Pursuit Campus will consist of 131,000 square feet of space offering administrative space, wellness center, programming/educational space and 41 units of assisted living apartments. Through this development, the Center will offer choice, growth and independence for adults with intellectual and developmental disabilities. Upon completion, the Center will provide:
-Day Services—afford adults with intellectual and developmental disabilities the opportunity to develop social skills in a classroom-centered environment structured around their varying needs.
-Assisted Living Services-These programs promote autonomy and independence while providing the personalized support that allows residents to thrive
-Employment Services –The primary goal is to help clients find success through competitive, integrated employment in areas of their interests.
-Enrichment Services –The Center’s Enrichment Services program renders support to its clients that enables their full participation in the community
-Transitions Curriculum Program –The transformation from living at home with parents or guardians to living independently is a new experience that requires the development

Project Financing

UDF will provide loans totaling $7.5million. The loans will include: a below market interest rate, lower than standard origination fees, longer amortization period and a lower than standard debt service coverage ratio, and borrower can purchase loan for $1,000 at the end of Compliance period.

Community Impact

The Center is located in a severely distressed census tract with a 40% poverty rate and median income only 39% of the area median income. It is also located within a local tif district.. The Center will add 610 new full time jobs to its current 325 employees. Over 95% of the new jobs will provide living wages, training, and paid benefits including health insurance.
In addition to the previously mentioned services provided by the center, community residents will also benefit from the addition of:
-a Dental Clinic—specialized for people with disabilities
-a medical clinic—also specialized to care for individuals with developmental disabilities.
-Bloom Fitness is a locally-owned business that currently operates within The Center’s facilities and will move to a larger space in the new campus
-Baylor College of Medicine. Baylor operates a transitional medicine program for the I/DD community its Texas Medical Center campus. They will occupy about 2,100 SF on Wellness Level 2
-Retail. The Campus features an additional 7,500 SF in retail and restaurant space
The center currently serves 725 people. After the expansion, the project will serve approximately 1800 clients annually. The center will also open its doors to other community based organizations to provide a community destination that provides much needed support services to an underserved population.

www.thecenterforpursuit.org

Tax Credit Investor:
Wells Fargo