Tax breaks for multifamily develoopment could reinvigorate East End

An Urban Land Institute panel of experts weighed in on initiatives that would spur more development to Houston’s East End.

The panel said that increasing residential density, particularly along the light rail, is the first step toward bringing needed amenities, like a supermarket, to the neighborhood. More multifamily development will bring more retail to the area, the panelists said, which will in turn increase the tax increment reinvestment zone (TIRZ) funds that can go to infrastructure improvements to the streets and parks of East End.

Read more from the Houston Business Journal

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s