Housing Authority of the City of Waco: Market Research Report

Background

Overview

Established in 1938, the Housing Authority of the City of Waco (WHA) is a municipal agency dedicated to providing safe, sanitary, and affordable housing to low-income families, elderly individuals, and persons with disabilities in Waco, Texas, and the surrounding areas. The agency manages a variety of housing programs, including public housing developments and the Housing Choice Voucher (Section 8) program.

Mission and Vision

WHA's mission is to enhance the quality of life for its residents by offering decent, safe, and affordable housing options. The agency envisions a community where all individuals have access to stable housing that supports their well-being and fosters self-sufficiency.

Primary Area of Focus

WHA focuses on the development, management, and maintenance of public housing units and the administration of rental assistance programs. The agency also coordinates and offers cultural enrichment, child development, adult education, drug rehabilitation, and homeownership programs to support the diverse needs of the community.

Industry Significance

As a public housing authority, WHA plays a crucial role in addressing housing challenges within Waco. By providing affordable housing solutions, the agency contributes to community stability, economic development, and the overall well-being of its residents.

Key Strategic Focus

Core Objectives

Affordable Housing Provision: Increase the availability of affordable housing units to meet the growing demand among low-income residents.

Resident Support Services: Offer programs that promote self-sufficiency, such as job training, educational opportunities, and financial literacy workshops.

Community Development: Engage in initiatives that revitalize neighborhoods and improve the quality of life for residents.

Specific Areas of Specialization

Public Housing Management: Oversee the operation and maintenance of public housing developments.

Rental Assistance Programs: Administer the Housing Choice Voucher program to assist eligible families in securing private rental housing.

Homeownership Support: Provide resources and assistance to help residents transition from renting to owning homes.

Key Technologies Utilized

Property Management Software: Implement systems for efficient management of housing units and maintenance requests.

Data Analytics Tools: Utilize analytics to assess program effectiveness and inform decision-making.

Primary Markets or Conditions Targeted

Low-Income Families: Provide housing solutions for families with limited financial resources.

Elderly Individuals: Offer age-appropriate housing and support services for seniors.

Persons with Disabilities: Ensure accessible housing options and necessary accommodations.

Financials and Funding

Funding History

WHA's funding primarily comes from federal allocations, including the Community Development Block Grant (CDBG) and the HOME Investment Partnerships Program (HOME). These funds support various housing and community development initiatives.

Total Funds Raised

Specific figures for total funds raised are not publicly disclosed. However, the agency's annual budgets reflect substantial investments in housing and community development projects.

Recent Funding Rounds

In September 2025, the Waco City Council approved an amended HOME American Rescue Plan (HOME-ARP) allocation plan, increasing HUD funding and allocating approximately $2.5 million for shelter acquisition, development of affordable rental housing, and administration.

Notable Investors

As a public entity, WHA does not have traditional investors. Its funding sources include federal and local government allocations.

Intended Utilization of Capital

The capital is utilized for:

Affordable Housing Development: Constructing and rehabilitating housing units.

Resident Support Programs: Implementing services that promote self-sufficiency and community engagement.

Neighborhood Revitalization: Investing in infrastructure and community development projects.

Pipeline Development

Key Pipeline Candidates

WHA is involved in several housing development projects, including:

Riverside Apartments Rehabilitation: Renovation of a 152-unit property to provide updated affordable housing options.

Stages of Development

The Riverside Apartments project is in the rehabilitation stage, with completion expected in 2024.

Target Conditions

The project aims to provide affordable housing for low-income families, seniors, and individuals with disabilities.

Relevant Timelines

Project Announcement: April 2024

Completion Expected: 2024

Technological Platform and Innovation

Proprietary Technologies

WHA utilizes proprietary property management software to streamline operations and enhance service delivery.

Significant Scientific Methods

The agency employs data analytics to assess program effectiveness and inform strategic decisions.

AI-Driven Capabilities

While specific AI-driven technologies are not detailed, WHA's use of data analytics suggests potential integration of AI tools for predictive modeling and resource optimization.

Leadership Team

Executive Profiles

Milet Hopping: President/CEO

Professional Background: Extensive experience in public housing management and community development.

Key Contributions: Overseeing strategic direction and operations of WHA.

Gloria Dancer: Vice President of Operations

Professional Background: Background in housing operations and program management.

Key Contributions: Managing day-to-day operations and ensuring program compliance.

Edwina Viera: Vice President of Financial Services

Professional Background: Expertise in financial management within the public sector.

Key Contributions: Overseeing financial planning, budgeting, and reporting.

Competitor Profile

Market Insights and Dynamics

The affordable housing market in Waco faces challenges such as increasing demand, limited funding, and the need for property maintenance and upgrades. WHA competes with other local housing authorities and private developers to meet these needs.

Competitor Analysis

Waco Housing Authority Affiliates: Provides similar housing programs and services in the region.

Private Developers: Engage in the construction and management of affordable housing units.

Strategic Collaborations and Partnerships

WHA collaborates with the City of Waco, local non-profit organizations, and private entities to enhance housing opportunities and community development.

Operational Insights

WHA differentiates itself through its comprehensive approach, combining housing provision with supportive services aimed at fostering self-sufficiency and community engagement.

Strategic Opportunities and Future Directions

Strategic Roadmap

WHA plans to:

Expand Affordable Housing: Increase the number of housing units available to low-income residents.

Enhance Resident Services: Develop programs that support education, employment, and health.

Revitalize Neighborhoods: Invest in community development projects to improve living conditions.

Future Business Directions

The agency aims to leverage federal funding opportunities, such as the HOME-ARP program, to support housing initiatives and address homelessness.

Opportunities for Expansion

WHA has the opportunity to expand its partnerships with local organizations and private developers to increase the availability of affordable housing and enhance community services.

Positioning for Future Objectives

By focusing on strategic partnerships, program development, and efficient resource management, WHA is well-positioned to achieve its objectives and meet the evolving housing needs of the Waco community.