Affordable Housing and Economic Development in Houston

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Two community leaders in Houston, Texas, are advancing affordable housing, wealth creation, and economic development in historically excluded Black neighborhoods. Houston Business Development, Inc. (HBDi) revitalizes underutilized properties to expand affordable and mixed-income housing, provides loans and technical assistance to minority-owned small businesses, supports entrepreneurs through business incubation, and leads adaptive reuse and redevelopment projects. Private Leverage, a Community Development Financial Institution, has committed over $25 million in capital to low-to-moderate income neighborhoods across Texas, supporting minority real estate developers and minority-owned small businesses with loans to finance housing and operating spaces.