The Houston Housing Authority and its sister organizations voted Tuesday to use project-based vouchers and bonds to build and renovate five affordable housing complexes across the city.
David A. Northern, Sr., the chief executive of the housing authority, said in an emailed statement that the project-based vouchers were a way to respond to escalating living expenses and a scarcity of housing. He added that properties had to serve a targeted population — such as veterans or people who had been homeless for over a year — and provide services that would support such a population in order to be awarded project-based vouchers.
The bond for Life at Westpark would be for up to $50 million to renovate 312 units, according to the approved resolution.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US homebuyers compete for limited housing inventoryPeople are flooding open houses and feverishly bidding on homes even after predictions of a market crash and bargain-basement prices. Here's why.
Source: BusinessInsider - 🏆 729. / 51 Read more »