Braes Park Affordable Housing Loan

At a glance

What: Two linked ordinances for Braes Park, a proposed affordable housing development on the City-owned site at Stella Link Road in District K (Council Member Castex-Tatum's district). Item 4 approves a purchase and sale agreement selling the property to Willowbend Link, LP, with a forgivable loan agreement to finance the purchase (Ordinance 2026-0880). Item 5 approves a $3,500,000 construction loan to Willowbend Link, LP from the Uptown TIRZ Series 2021 Affordable Homes Fund for construction infrastructure costs (Ordinance 2026-0881).
Outcome: Both were pulled from the consent agenda for separate consideration on October 7, 2026 and adopted, all voting aye, with Carter absent. Item 5 could be considered only after Item 4 passed.

The minutes do not record discussion, the number of units, or the forgiven amount.
Funding comes from tax increment collected in the Uptown reinvestment zone; see FY2027 redevelopment authority (TIRZ) budgets for that zone's budget.

City Council consolidated meeting minutes, October 7, 2026 (No. 2026-0554-1): https://www.houstontx.gov/citysec/agenda/2026/20261007.pdf

Items 4 and 5 adopted separately after removal from consent; all aye, Carter absent.