CHAPTER 3: DEBT RETIREMENT

Our long-term pre-campaign debt outstanding as of September 2007 was slightly over $4 million, being reduced each year through the church's annual operating budget.  In the fall of 2010, the final payments were paid on this pre-campaign debt using capital campaign contributions, retiring it completely.  Houston's First is 100% debt free for only the third time since the church was founded in 1841.  Now, approximately $1 million in the annual operating budget will be made available for ministry and operational areas.