Galveston City Council to vote on 3 year affordable housing moratorium

The Galveston City Council and other organizations will have another month to consider the consequences of approving a resolution that could block the Galveston Housing Authority’s plan to build mixed-income developments on the island.

Council members Elizabeth Beeton and Steve Greenberg asked the council to consider a resolution that asks the state to suspend tax credits for low-income housing developments for three years.

The resolution could set back the housing authority’s plan to rebuild some of the 569 public housing units destroyed during Hurricane Ike in 2008 and also discourage developers from investing on the island.

If tax credits are suspended, Galveston Housing Authority developments, a blend of market rate, tax-credit and public housing units, could be less economically feasible.

“We are working to listen to this community, but just when we think we are making progress, we read about a resolution like this that is so hostile to affirmatively furthering fair housing,” Massey said.

Read more at Council to vote on housing plan block next month.

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About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
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