The Houston City Council approved a resolution granting a tax exemption to the Orem Circle Apartments multifamily mixed-income housing development. The tax exemption is granted in accordance with Chapter 303 of the Texas Local Government Code, which requires that developments provide affordable housing for low- and moderate-income households. The property is located at 12781 Martin Luther King Blvd, and the project has been reviewed and recommended for approval by the Housing and Community Development Department.
This tax exemption promotes the development of affordable housing in a crucial area, providing needed housing options for low- and moderate-income residents. The development supports Houston's broader goals of addressing housing affordability and ensuring equitable access to housing in growing neighborhoods.