HOUSTON - Houston will double the number of tax breaks it gives developers for apartments and condominiums they build downtown.
The City Council unanimously agreed to expand the Downtown Living Initiative, first launched a year and a half ago. Tax breaks will now be offered for 5,000 residential units, up from 2,500.
Under the initiative, the city offers developers up to $15,000 for each residence they build in a complex of at least 10 units, provided they meet design guidelines focused on building retail at the street level.
Read more at the Houston Chronicle.
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