The City of Houston has approved a resolution for the Allora Med Center 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. The Allora Med Center is located in a high-opportunity area, and this tax exemption is part of the city's commitment to promoting affordable housing development.
This decision supports the development of affordable housing in a high-opportunity area, providing 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 expanding access to affordable housing.