Nations Housing Assurance, Inc. (NHA) was established to provide low and moderate income individuals and families with affordable housing in the neighborhoods in which they traditionally reside. According to the Texas Housing Affordability Index, the median home price in Houston, Texas in 1Q 2005 was $134,800. If a purchaser put 20% down and received a 30 year mortgage at 5.95%, the payments would be $643.09 a month. Using the 25% qualifier, the buyer would need to have an annual income of $30,868 to qualify. The problem is that this analysis uses median price not average price. If you take the same information and change the price to $194,500, the average price of a home in Houston, Texas, the monthly payment with 20% down and a 30 year mortgage would be $927.90 and require an income of $44,593 to qualify.

This fact puts most low to moderate income families out of the new home buying arena. NHA's goal is to provide state of the art modular housing, constructed in a factory in Fort Worth, Texas and deliver these units to our construction sites throughout the greater Houston and Harris County, Texas marketplace and do so at or below the median home price for a home in Houston. NHA will achieve this by bundling conventional building components (i.e. foundation, electrical and plumbing stubs and other components), highly skilled and experienced construction teams and factory built modular housing components together to provide an affordable, high quality housing product that many low to moderate income and first time home buyers heretofore have been unable to afford.

NHA's is organized to meet the housing needs of out target home buyer which is a low to moderate income or first time home buyers in neighborhoods which heretofore have been described as declining or deteriorating. These areas hold a wealth of vacant, developed lots with city streets and services which are immediately available to our buyers. Many of these areas border areas that are already supporting newer, higher priced builder activity and NHA intends to purchase and build in these adjacent areas before land prices begin to rise and erode the affordability for our target buyers.

In short, NHA's goal is to assist individuals and families achieve their individual housing goals and do so within the financial means of these home buyers.

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Nations Housing Assurance, Inc.
5925 Kirby Drive, Suite E-223
Houston, TX 77005
(713) 559-8308
© Nations Housing Assurance, Inc. 2006 - 2007