Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval of an exemption from ad valorem taxation at 50% of the appraised value of the property for the Harris County jurisdiction for the Avenue Community Development Corporation for the Elder Street Artist Loft property located at 1101 Elder Street, Houston, Texas 77007, pursuant to Texas Tax Code ?11.1825.
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Background and Discussion:
On August 29, 2023, Commissioners Court approved guidelines and an amended policy related to exemptions of ad valorem taxation for certain multifamily rehabilitation or construction project properties. In an effort to launch the tax exemption program expeditiously, the first application period was a 60-day period following Commissioners Court approval of the August 2023 policy. In fiscal years after 2023, the County's application process is intended to comply with applicable HCAD deadlines to allow such exemptions to be reflected in that year's assessed valuation. For fiscal year 2024, the Application Period was January 1 to March 1.
Within this time period, Harris County Community Services received a complete application from the applicant and property described below. Since then, staff from Community Services, Management and Budget, and the County Attorney have worked together to: determine that the organization and property referenced in the application preliminarily qualify as an Eligible Organization and Eligible Property; provide an analysis of the fiscal impact to the County if a tax exemption were to be granted (included in the attac...
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