One concern is that taking away property-tax revenue from The Deerwood apartments or others in the area would create added resource issues for the neighborhoods of Briargrove and Tanglewood.
The concerns stem from a 2015 law enacted by the state legislature that gives private apartment owners a tax-exempt status if they change some of their units into affordable housing.President of the Briargrove Property Owners Association Whitney Russell came to Houston's city council on Jan. 24 to voice displeasure with a plan to turn some of the residences at The Deerwood apartments, located at 5800 Woodway Drive, into affordable housing.
This stems from a 2015 law enacted by the state legislature that gives private apartment owners a tax-exempt status if they change some of their units into affordable housing.says it doesn't serve the state's affordable housing needs, nor does it come with a lot of provisions or oversight.
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