About
Us...
| A Tax Increment Reinvestment Zone (TIRZ) is a public financing tool created by City Ordinance and thru Chapter 311 of the Local Texas Government Code for use in areas with blighted conditions including substantially arrested, impaired growth, substandard, slum, deteriorated structures, unsanitary, unsafe conditions and/or the general deterioration of public infrastructure.
The purposes of the TIRZ is to provide financial incentives through public-private sector partnerships enabling the construction and installation of public works facilities including, streets, street lights, parks, flood, drainage facilities, water and sewer utilities among others. Governed by a Board of Directors, the TIRZ may establish a Redevelopment Authority, a local not-for-profit governmental corporation to work in tandem with the TIRZ in the execution of projects within the TIRZ Project and Financing Plan.
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Provide the tools needed to help alleviate blight, deteriorated street and site conditions, address obsolete transit services, encourage economic development and promote sound growth of residential, retail, hotel and other commercial development within the area, which in turn is critical to the long term economic health of the entire City of Houston.
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The Project Plan and Reinvestment Zone Financing Plan
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Potential TIRZ assisted project costs allow for improvements within the public right-of-way including the construction and installation of public works facilities including, streets, streetlights, parks, flood and drainage facilities, and water and sewer utilities among others.
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TAX INCREMENT REINVESTMENT ZONE #3 MAPS
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