The City of Houston has approved a resolution for the Ariza Park Row multifamily mixed-income housing development, granting a tax exemption under Chapter 303 of the Texas Local Government Code. The development will provide housing units for low- and moderate-income households and is located in a high-opportunity area. The Houston Housing Authority will hold a public hearing on the project on November 19, 2024. This tax exemption is part of the city's broader efforts to support affordable rental housing development in Houston.
This decision supports the creation of affordable housing in a high-opportunity area, ensuring that low- and moderate-income households have access to quality living conditions. The tax exemption encourages further investment in affordable housing projects, aligning with the city's goals of increasing housing availability for vulnerable populations.