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Austin Housing briefs committee on Homestead Preservation Districts and HPRZ feasibility; $22M cited in prior revenue
Summary
Austin Housing and consultant Hyatt Brown described the city's Homestead Preservation District tools, reported roughly $22 million collected to date under HPRZ #1, and outlined a feasibility and projection study for additional HPRZs (B, C, D) with a report expected this summer and fiscal considerations tied to Senate Bill 2 and charter limits.
Rachel Tepper, principal planner with Austin Housing, and Mark Gilbert of consultant firm Hyatt Brown briefed the committee on April 14 about Homestead Preservation Districts (HPDs) and Homestead Preservation Reinvestment Zones (HPRZs).
Tepper reviewed statutory background (HPDs created by the Texas Legislature in 2005) and described three tools (Homestead Land Trust, land banks and HPRZs). She said Austin's HPRZ #1 has…
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