GHA has identified three redevelopment initiatives for the replacement of 569 public housing units. These initiatives focus on GHA public housing sites that were destroyed as a result of Hurricane Ike as well as sites in the process of being acquired by GHA.

Mixed-Income Communities Initiative

GHA has hired an experienced Master Developer to utilize GHA's former public housing sites at Magnolia Homes and Cedar Terrace (and any other parcels of land or buildings owned currently or acquired by GHA or the Master Developer in the future) to create vibrant, mixed-income, mixed-use, mixed-tenure communities serving households with a wide range of incomes.

The Master Developer will be responsible for recommending the appropriate redevelopment programs for each of GHA's sites and acquired parcels in their immediate neighborhoods. These sites are north of Broadway in an area that suffered serious flood damage. GHA views its investment at both of these sites as an opportunity to serve as a catalyst for the reclamation of these neighborhoods. For that goal to be realized, the developments proposed for these sites must be of the highest quality, must address the specific opportunities presented in these two neighborhoods, must leverage additional public and private resources and will be owned and operated by entities other than GHA.

In addition to these three initiatives to replace the 569 public housing units, GHA is also implementing a number of affordable homeownership programs through the GRACE Corporation.