The City of Houston’s June announcement that it is investing more than $52 million in federal Hurricane Harvey Recovery Program funds toward developing 624 affordable rental homes has implications for the area as two pending developments will benefit. Avenue CDC, a nonprofit that had previously announced plans for its Avenue on 34th development where Doyle’s Restaurant now stands, was awarded $7.4 million for its 70-unit project. The city's Housing and Community Development Department said the Avenue project is part of an area “experiencing high rental costs that cause displacement of low- or moderate-income households.” A 114-unit project by Magellen Housing TX and Royal American Development will be located at 900 Winston St. off of West Cavalcade Street. The award amount for 900 … [Read more...] about Harvey recovery funds to facilitate local developments
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