
Mike Morris
Articles
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2 days ago |
houstonchronicle.com | Caroline Ghisolfi |Mike Morris
Houston’s affordable neighborhoods aren’t so affordable anymore. Home values in working-class areas have skyrocketed in the past decade, raising the already steep property tax burden on some of the city’s most vulnerable residents. The shift threatens to price out homeowners and renters alike, a Houston Chronicle investigation found. Several of Houston’s historic, predominantly Black neighborhoods face the greatest pressure.
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2 days ago |
houstonchronicle.com | Mike Morris |Caroline Ghisolfi
Home values have risen sharply in many of Houston’s working-class neighborhoods in the last decade, an abrupt change after decades of flat values. The shift threatens to disrupt low-income communities ill-prepared for rising costs. At the same time, home values rose slowest in the most expensive parts of town, covering the west side, the western half of the Inner Loop and the areas just north and south of it.
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1 month ago |
houstonchronicle.com | Mike Morris |Amelia Winger
Now, the November 2022 sale: We'll start with what the agency paid to buy the land in the first place. This 10.2-acre sale combined six properties that Midtown had purchased between 2005 and 2017.
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1 month ago |
houstonchronicle.com | Mike Morris |Amelia Winger
Then, in recent years, the agency sold 16.6 acres of that land to developers or investors - some of which has been divided into lots for new townhomes. Despite Midtown seeking to make a profit on the sales, it didn't offer the land on the open market to the highest bidder. Some of the sales even brought in less money than Midtown had paid for the land in the first place. It was that building, in fact, that helped spur Midtown to sell land.
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Jan 7, 2025 |
houstonchronicle.com | Mike Morris
The Midtown Redevelopment Authority completed construction of One Emancipation Center, a five-story office building and parking garage at Emancipation and Elgin, in 2021. The building, which contains no housing units despite being built with dollars dedicated to affordable housing, remains half-empty.
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