ORDINANCE appropriating $12,449,413.00 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), NINE (SOUTH POST OAK ZONE), TWELVE (CITY PARK ZONE), and THIRTEEN (OLD SIXTH WARD ZONE), CITY OF HOUSTON, TEXAS, for payment of affordable housing costs, payments to Houston Independent School District, and payments to certain Redevelopment Authorities as provided herein

The appropriation of $12,449,413 results from tax increment payments received in the City’s Fiscal Year 2021 from HISD for transfer to the various TIRZs.

As shown in the attached spreadsheet, $262,419 will be transferred to the City’s Affordable Housing Fund; $10,338,177 will be paid to HISD for Educational Facilities Project Costs, $1,774,859 will be paid to the Midtown Redevelopment Authority for their affordable housing program and $73,958 will be paid to the South Post Oak 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/

___________________________________________________________________

Andrew F. Icken, Chief Development Officer

__Gwendolyn F. Tilllotson

Phone: (832) 393-0937