The City of Houston has approved the Fiscal Year 2025 (FY25) Operating Budget for the South Post Oak Redevelopment Authority and the FY25-29 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Nine (South Post Oak Zone). The FY25 Operating Budget totals $6,779,557, with $5,973,000 allocated for capital expenditures such as intersection improvements, affordable housing infrastructure, and streetscape enhancements. The FY25-29 CIP Budget provides $13,270,000 to improve safety, mobility, and promote economic development. The budget also includes fund transfers to the City of Houston and Houston ISD as part of a tri-party agreement.
This budget approval is vital for advancing infrastructure improvements, affordable housing, and economic development initiatives in the South Post Oak Zone. The capital projects funded by this budget will enhance mobility, improve public spaces, and foster long-term economic growth in the area.