City Council To Cut Check for Second Ward Senior Housing Today

CITY COUNCIL TO CUT CHECK FOR SECOND WARD SENIOR HOUSING TODAY This afternoon, City Council is set to approve a $3.5M loan to the private developer who wants to build 3 stories of senior housing on Commerce St., inside the red box shown above. Roughly $2.2M of it would come from grant funds the city got its hands on from HUD, but hasn’t spent yet. The other $1.3M is sitting in a stockpile of Tax Increment Reinvestment Zone money that the city’s been planning to spend on projects like this one. Of the 120 units planned inside the apartments — dubbed Campanile on Commerce105 would go to tenants earning 60% or less than the area median income. [Houston City Council; previously on Swamplot] Map: Houston Planning Commission