Primary Department: Housing and Community Development
Primary Department Head/Elected Official: Thao Costis, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval of an exemption from ad valorem taxation at 100% of the appraised value of the property for the Harris County jurisdiction for New Hope Housing, Inc. for the New Hope Housing at Rittenhouse property located at 577 W Rittenhouse St 160, Houston, TX 77091 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. 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 2025, the Application Period was January 1 to March 1.
One August 6, 2024, Commissioners Court approved the amended guidelines, application, and policy related to exemptions of ad valorem taxation for certain low-income multifamily rehabilitation or construction project properties increasing the maximum tax exemption rate from 50% to 100% of the appraised value of the pr...
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