ORDINANCE appropriating $27,102,306.00 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 payment of affordable housing costs, payments to HOUSTON INDEPENDENT SCHOOL DISTRICT, and payments to certain redevelopment authorities as provided herein

The appropriation of $27,102,306 results from tax increment payments received in the City’s Fiscal Year 2025 from HISD for transfer to the various TIRZs.

As shown in the attached spreadsheet, $2,468,359 will be transferred to the City’s Affordable Housing Fund; $20,727,916.61 will be paid to HISD for Educational Facilities Project Costs, $3,906,030.39 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