Primary Department: Housing and Community Development
Primary Department Head/Elected Official: Thao Costis
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 recommendation to increase the tax exemption rate for the previously approved properties (2023 and 2024 applicants) from the original 50% to the newly approved 100% Harris County ad valorem property tax rate for year 2025 forward.
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Background and Discussion:
On Dec 5, 2023, Commissioners Court approved a 50% property tax exemption for affordable multifamily rental housing located at the following five (5) properties:
* Avenue Station property located at 2010 N. Main Street, Houston, Texas 77009
* Avenue on 34th property located at 2136 W. 34th Street, Houston, Texas 77018
* Irvington Court property located at 4004 Irvington Blvd., Houston, Texas 77009
* Avenue Terraces property located at 4004 Irvington Blvd., Houston, Texas 77009
* Sunrise Village property located at 7526 Martin Luther King Jr. Blvd., Houston, Texas 77033
On March 26, 2024, Commissioners Court approved a 50% property tax exemption for affordable multifamily rental housing located at the following two (2) properties:
* Elder Street Artist's Lofts property located at 1101 Elder Street, Houston, Texas 77007
* Avenue Redwood Heights property located at 7320 Jensen Drive, Houston, Texas 77093
On August 6, 2024, Commissioners Court approved amended guidelines, application, and policy related to exem...
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