The City of Houston authorized an interlocal agreement between the Uptown TIRZ and Harris County Precinct 4. This agreement allows Harris County to participate as a taxing entity within the Uptown Reinvestment Zone, contributing 40% of collected ad valorem taxes on captured appraised value (excluding specific service taxes). Of this amount, 33% will fund affordable housing and 10% will support the maintenance and operation of projects outlined in the zone's plan. The County's participation will span tax years 2025 through 2040, enhancing regional collaboration and local development.
This agreement facilitates strategic investment in affordable housing and infrastructure within the Uptown TIRZ, fostering community development and economic growth while leveraging regional partnerships.