Ordinance 2026-0786

Staff Report & Agenda Item Details

Ordinance 2026-0786 ORDINANCE approving and authorizing Loan Agreement between City of Houston and HOUSTON AREA COMMUNITY DEVELOPMENT CORPORATION, joined by NHH-CANAL STREET APARTMENTS, INC , to provide loan of Community Development Block Grant Funds to partially finance Rehabilitation of New Hope Housing Canal, a 134-unit Affordable Housing Rental Community located at 2821 Canal Street, Houston, Texas 77003 - $6,000,000.00 - Grant Fund - DISTRICT H - CASTILLO

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 6.9/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).