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Galveston Housing Authority board OKs $72M budget for mixed-income projects - The Galveston County Daily News : Local News

November 23, 2014

Galveston Housing Authority board OKs $72M budget for mixed-income projects

Posted: Tuesday, December 4, 2012 1:00 am | Updated: 7:51 am, Tue Dec 4, 2012.

GALVESTON — Housing authority commissioners on Monday approved a $72.2 million budget for the controversial replacement of two demolished public-housing projects with mixed-income developments catering to both the poor and the general housing market.

The approved budget, which will be sent to the Texas General Land Office, increased about 4.2 percent from a $69.3 million budget master developer McCormack Baron Salazar presented last week, Chairman Irwin M. “Buddy” Herz said. The increase was in the amount the authority anticipates spending on “human capital” programs for residents of the developments and in developer fees, according to budget documents.

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