HOPE VI Program

HOPE VI Program

In 2006, BHA was awarded a $20 million dollar HOPE VI Revitalization Grant from the U.S. Department of Housing & Urban Development. They were also awarded a $13.7 million dollar Hurricane Rita Recovery Grant from the Texas Department of Housing and Community Development. Using these funds along with leveraging from local partners, Magnolia Gardens was demolished and replaced with:

• Regent I, a 160-unit, mixed-income community built with a mixture of Housing Tax Credits, Tax Exempt Bonds and HOPE VI funds
• Pointe North, a 158-unit, mixed-income community built with a mixture of Hurricane Rita Recovery funds and HOPE VI funds
• Regent II, a new subdivision with 87 single-family homes available for homeownership These properties resulted in a new, mixed-income community, with a mixture of one- and two-story townhouse, garden and walk-up homes. New public streets and thoughtful home design helped knit the sites into the surroundings.

The redevelopment of Magnolia Gardens is a critical piece of the City's rebuilding effort. While many Beaumont residents have been discouraged by the resulting shortage of decent housing, BHA's HOPE VI planning process has restored enthusiasm. BHA has coordinated an extensive community planning process to create the plan for Magnolia Gardens, and as a result, enjoys unprecedented support from residents, business owners, the City and other stakeholders.

City leaders strongly support BHA's efforts in the North End, which will help curb suburban sprawl by providing high-quality, affordable housing choices close to the City's Downtown Master Plan. That Plan includes retail, commercial and retail investment as well as plans for a new town lake, City Hall, hotels and entertainment along the existing riverfront.