Officials with the nonprofit affordable housing builder New Hope Housing celebrated the grand opening of Savoy on Oct. 12, a 120-unit supporting housing project in the Gulfton and Sharpstown area. New Hope Housing manages 11 affordable or supporting housing projects with 1,578 units in communities across the Houston area, with plans to open two more in 2025.

Although many NHH projects are built to serve individuals who are homeless or at risk of becoming homeless, Savoy features one-, two- and three-bedroom units dedicated to working families and individuals with "modest incomes," according to the nonprofit's website.

The project was built with the assistance of a $750,000 Affordable Housing Program subsidy from the Federal Home Loan Bank of Dallas through its member, Comerica Bank, according to an Oct. 11 news release.