The Houston City Council has approved the appropriation of $20,349,265.40 in Tax Increment Reinvestment Zone (TIRZ) Affordable Housing Funds to support affordable housing initiatives across the city. The funds will be distributed among several key categories, including single-family housing development ($3M), multifamily housing and public facility activities ($450K), disaster recovery programs ($7M), and efforts to provide permanent housing for homeless individuals and families ($300K). A substantial portion ($9.6M) will be allocated to administrative costs for managing federally and state-funded housing programs. The funds include $3M in program income from the sale of homes through the city's New Home Development Program. Specific contracts for program execution will be brought to the council in accordance with local procurement rules.
This decision directs a significant amount of funding toward addressing Houston’s affordable housing crisis, supporting new construction, home repair, and disaster recovery efforts. It ensures that vulnerable populations, including homeless individuals and low-income families, have access to stable housing solutions.