The Houston City Council approved a resolution granting a tax exemption to the Ariza Park Row multifamily mixed-income housing development. The tax exemption, in accordance with Chapter 303 of the Texas Local Government Code, is contingent on the development providing affordable housing for low- and moderate-income households. The property is located at 1100 Blackhaw St in a high-opportunity area, and the project has been reviewed and recommended for approval by the Housing and Community Development Department.
This tax exemption encourages the development of affordable housing in a high-opportunity area, supporting Houston's goal of increasing access to affordable housing options for low- and moderate-income residents. The development will contribute to the city's efforts to address housing affordability and provide stable, affordable homes for families in need.