The City of Houston has approved a resolution for the Orem Circle Apartments 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. 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 ongoing efforts to support affordable rental housing developments within the city.
This decision supports the development of affordable housing in Houston, providing much-needed rental units for low- and moderate-income households. The tax exemption encourages further investment in housing projects that align with the city's goals of increasing access to affordable housing for vulnerable populations.