GCHP finances high-quality residential and commercial properties

Community development investing |

Praxis supports affordable real estate in the Gulf Coast

Gulf Coast Housing Partnership logo
The Gulf Coast Housing Partnership is a nonprofit real estate developer founded in 2006 by the Housing Partnership Network. Working with 51 public, nonprofit and private community partners, GCHP's mission is to revitalize the Gulf Coast regions of Alabama, Louisiana, Mississippi, and Texas. GCHP has developed or preserved more than 3,600 affordable homes and over 400,000 square feet of commercial facilities focused on community development. More than one-third of GCHP’s commercial development has created physical and behavioral health facilities in low-income communities.

Impact story: North Park Estates

North Park Estates sign on gray brick wall
In 2020, GCHP broke ground on redevelopment of North Park Estates, an affordable housing community built in 1959 by the Mississippi Regional Housing Authority No. VIII under the name L.C. Jones Public Housing.

Phase I of the $14 million redevelopment included the demolition of 92 existing units (31 habitable and 61 uninhabitable), an office and maintenance room. Constructed on the site are 80 one-, two- and three- bedroom apartments designated for families at 60 % area median income and below. The new apartments feature individual patios, washers and dryers. Residents enjoy a walking trail, playground, business/computer center and off-street parking.

The Praxis commitment
Praxis Mutual Funds supports organizations such as the Gulf Coast Housing Partnership through investments in Calvert Impact, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.

Stella Tai, Stewardship Investing Impact and Analysis Manager | Praxis Mutual Funds
Author Stella Tai
Stewardship Investing Impact and Analysis Manager

Community Development Investing

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