Is Harris County Intentionally Causing The Affordable Housing Crisis?
Can you imagine paying $1400 for a 500sq ft studio apt on Navigation near the railroad tracks?
Harris County is deliberately creating our "Affordable Housing Crisis" 5550 Bingle Rd, 378 unit apart complex appraised at $67M, ( up from $32M in 22) they would have to have $1,656,039 in taxes, $4381yr per unit or $365mo OR they can sell to HHA at the inflated value, CONT
5550 Bingle sells the apt complex to HHA/Lakeside place PFC at the inflated price vs trying to recover their 50% tax increase by raising rent & fighting Harris County latest push to prevent evictions. 5550 Bingle is now a tax exempt gov owned partial low income housing.
Keep reading with a 7-day free trial
Subscribe to The Houston Comical to keep reading this post and get 7 days of free access to the full post archives.