As the University of Houston, under great leadership has worked diligently to improve infrastructure and amenities South of Interstate 45 and new business and residential amenities slowly build into Houston’s east end, a gap in development was apparent along the North side of Interstate 45 corridor southeast of Downtown.

Standing vacant was the once landmark Finger Furniture Warehouse.  While Harris County has worked to provide mixed-use housing in the area with the Villages of Eastwood, there is a need to make the area more enticing for private development.

The second development applied to a proposed $12,000,000 townhome development, providing a maximum reimbursement of $330,000. The area had not experienced any real development interest.  This development provides catalyst for new development.  The Leeland project is completed and units are for sale.

The third TIRZ/RDA agreement was a public-to-public agreement between the City of Houston, and HCRDA/TIRZ24. The agreement known as Buffalo Point was executed 11/20/2014 for a participation amount of a maximum contribution of $3.5M for the purpose of constructing a wastewater line in conjunction with the paving improvements for Holmes Road, a designated major thoroughfare. This proposed infrastructure improvement opened approximately 1300 acres within TIRZ area boundaries that could not previously obtain a building permit for wastewater services. Again, the purpose of creating TIRZ 24 was to open development opportunities to over 4,000 acres of vacant or underdeveloped acreage, in the southern area of the Zone, due to a lack of suitable infrastructure. This TIRZ investment will generate new taxable property values that “but for” the TIRZ investment otherwise would not have occurred in a timely manner within the service area.