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Fifth Ward preservation program produces profits
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Tara Thomas (r) shows her son Kerry Shelton the Fifth Ward investment that pledged not to displace renters or raise their rent she is part of Thursday, Dec. 24, 2020, in Houston.Steve Gonzales, Houston Chronicle / Staff photographerShow MoreShow Less
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Tara Thomas, 43, says the return on her investment in the Historic Fifth Ward Buy the Block Project is the first step toward accumulating wealth she can pass along to son Kerry Shelton and two other children.Steve Gonzales, Houston Chronicle / Staff photographerShow MoreShow Less
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Christopher Senegal stands among homes in Fifth Ward bought in July with crowdsourced funds. His Buy The Block program disbursed its first profits on Christmas Day, producing a 4 percent return for about 1,500 investors.Marie D. De Jesús, Houston Chronicle / Staff photographerShow MoreShow Less