- Houston Building Permits Up 19% in July to $638.9M with Boost from The Tradition Woodway and The Discroll [Houston Chronicle ($)]
- Houston Home Prices Up 5.4% Year-Over-Year in July, Finds CoreLogic [Houston Chronicle]
- Median Houston Rent Also Up 3.6% Year-over-Year in August, According to ApartmentList.com [Bisnow]
- Howard Hughes Starts Construction on Second Apartment Complex at Hughes Landing [HBJ]
- City Breaks Ground on Lots for 19 Homes in New Program Geared Toward Low- and Moderate-Income Buyers [abc13]
- H Mart To Debut at Katy Asia Town on Sept. 21 [Eater Houston; previously on Swamplot]
- Asian Grocery Store Chain z.Tao To Open Sept. 14 in Katy [Houston Chronicle]
- Ford Fry Might Be Opening a Seafood Restaurant on Wash Ave [Eater Houston]
- Cherry Pie Hospitality Has Sold Off Its 3 Heights Restaurants [Culturemap]
- 38 Purple Street Signs Quoting Rap Lyrics Popped Up Around Houston over the Weekend [Houston Chronicle]
- Stressed ‘Zombie Trees’ Showing Up Across Houston [Houston Chronicle ($)]
Photo of the Clear Lake area: Marc Longoria via Swamplot Flickr Pool
Headlines
“New Houston program helps low and moderate-income buyers afford homes” …. what a great way to destroy any future value appreciation in these neighborhoods, but I guess it is another way to buy votes using taxpayer money
@city cynic – you do understand that the COH would never ever provide subsidized housing in a non-crappy neighborhood, right?
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Many taxpayers approve of this type of help for middle class workers. Far better than all the dumb taxpayers who knowingly approve of being ripped off by mortgage interest deductions and the like.
Regarding the “Low- and Moderate- Income Buyer†homes article:
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The primary reason for displacement during redevelopment of communities is the ever-increasing appraised value of the home and either (1) owners being unable to afford a tax bill that jumps significantly year-to-year; or (2) renters being unable to afford the higher rent necessary for the owner to cover the increasing tax bill.
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If they are planning to put these homes in neighborhoods that are currently being redeveloped, such as Second Ward or Near Northside, it’s going to ultimately be a pointless endeavor when the new homeowner can’t cover the tax bill in three or four years and has to move anyway.
Regarding “zombie trees”- is every Cypress dying or what?
@ Joel
Yes, but the neighborhoods mentioned are already well into gentrification. There are plenty of “crappy neighborhoods” that will never be gentrified but could use the infusion of new building. Besides, Donald (not that one), was correct about the people being forced out, it’s just a matter of time. These presence of these government housing units will just delay it for a few years.