ORDINANCE appropriating $18,144,141.00 out of City of Houston, Texas, Tax Increment Funds for REINVESTMENT ZONE NUMBERS ONE (SAINT GEORGE PLACE ZONE), TWO (MIDTOWN ZONE), THREE (MAIN STREET/MARKET SQUARE ZONE), SIX (EASTSIDE ZONE), SEVEN (OLD SPANISH TRAIL/ALMEDA CORRIDORS ZONE), EIGHT (GULFGATE ZONE), TWELVE (CITY PARK ZONE), THIRTEEN (OLD SIXTH WARD ZONE), FOURTEEN (FOURTH WARD ZONE), FIFTEEN (EAST DOWNTOWN ZONE), SIXTEEN (UPTOWN ZONE), and EIGHTEEN (FIFTH WARD ZONE) CITY OF HOUSTON, TEXAS, for payments to City’s Affordable Housing Costs, payments to Houston Independent School District Educational Facilities Project Costs, and payment to Midtown Redevelopment Authority

City Council approve an ordinance appropriating $18,144,141 in tax increment revenue payments made by Houston Independent School District (“HISD”) and authorizing the transfer of tax increment revenues to various TIRZ funds pursuant to the City’s Interlocal Agreements with HISD and the TIRZs.  

The appropriation of $18,144,141 results from tax increment payments received in the City’s Fiscal Year 2026 from HISD for transfer to the various TIRZs.

As shown in the attached spreadsheet, $2,524,904 will be transferred to the City’s Affordable Housing Fund; $15,477,526 will be paid to HISD for Educational Facilities Project Costs, and $141,711 will be paid to the Midtown Redevelopment Authority for their affordable housing program.

All tri-party agreements and creation documents can be found on the following website:

http://www.houstontx.gov/ecodev/

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Gwendolyn Tillotson-Bell, Chief Economic Development Officer

___Jennifer D. Curley, Assistant Director

Phone: (832) 393-0981