Public facility corporations take billions of dollars of property off tax rolls in...
got the nod, some in prosperous areas, Felicity Oaks did not on the grounds that the developer had not done adequate outreach to nearby residents.
Beyond the theater, though, the Tanglewood critics are raising valid concerns about the HHA's quiet deal-making in the newish program and they're sounding the alarm about a lack of accountability and transparency that needs to be addressed. It’s not clear, though, that public facility corporation deals are truly creating more housing at a deep enough level of affordability. When we first wrote about these
For example, the HHA will take the $37 million property of Cortland Spring Cypress off the tax rolls, but as the Chronicle’sreports, an affordable one-bedroom can rent for as much as $1,262 there — only $8 less than the market rate of $1,270. One day in the future, rents in Houston could spike while average income stays steady, as it has in other major cities, and we may look back with gratitude at the number of units locked in at affordable rates.
He said the HHA checks their partners' rent rolls to check if they are complying with the terms of the agreements.
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