The Harris County Housing Finance Corporation (HCHFC) has selected the NRP Group as master developer for the Hardy Yards project, a transformative redevelopment just north of Downtown Houston in the Near Northside community. Long envisioned as a catalyst for revitalization, the project will deliver new housing, infrastructure, and opportunity to one of Houston’s most dynamic growth areas.

NRP is one of the nation’s most experienced and trusted multifamily developers. Over the past decade, the firm has delivered more than 25,500 units and now manages over 30,000 nationwide. In Texas alone, NRP has developed 68 projects across 17 markets, totaling 60,000 units. A clean audit opinion from Stifel, a nationally recognized accounting firm, further demonstrates NRP’s financial capacity and readiness to lead this development.

Phase 1 of the Hardy Yards project will deliver about 223 proposed units under a 99-year ground lease provided by HCHFC, with 100% affordability for households up to 80% AMI. Additionally, the project will feature 15,000+ square feet of ground-floor services and retail to support residents and the neighborhood. In total, the site has capacity for up to 500 units, making this one of the largest affordable housing projects in Harris County’s history.

HFC leveraged $14.6 million in U.S. Treasury ARPA funds to acquire the land. These funds are part of a broader $286 million ARPA funds allocated to housing in Harris County, of which $130 million has been committed countywide through HCHFC. Hardy Yards represents the county’s largest affordable housing initiative to use ARPA resources.

The development also is expected to pursue Low-Income Housing Tax Credits (LIHTC), the nation’s primary tool for financing affordable rental housing. By combining ARPA support with LIHTC, HCHFC and NRP will maximize resources to create high-quality, affordable homes in Houston’s core.

Future phases of Hardy Yards will build on this foundation, with opportunities for commercial space and transit-oriented development in partnership with METRO. Together, these efforts will provide new energy, connectivity, and investment to a neighborhood that has historically been underserved, in one of the most exciting areas in Houston.With NRP as master developer and HCHFC as long-term land steward, Hardy Yards is positioned to become a model of resilient community development—combining affordability, transit access, and neighborhood revitalization in the heart of Houston.

Follow along as this project takes shape: HCHFC.org