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Board debates using economic development and infrastructure funds to spur entry‑level and affordable housing
Summary
Staff briefed the board on options to use COSIDC economic development funds to support infill and affordable housing under Texas code; discussion focused on deed restrictions, tracking occupant eligibility, and using infrastructure (water) funding to lower development costs for entry‑level housing.
Economic Development Director Ryan Gaddy told the board staff had reviewed the possibility of using development incentives to support affordable housing and infill projects and reported legal and administrative hurdles.
Gaddy and legal staff said the Texas statutory framework allows some economic development funds to support infill affordable housing but requires administrative safeguards to verify occupant eligibility and property restrictions. Staff said an affordable…
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