Funding low-income projects
Each year, the Department of Housing and Urban Development awards funds to support low-income housing projects throughout the U.S. Within the boundaries of Cy-Fair ISD, 27 projects funded through HUD, including senior and rehabilitation facilities, exist. Only 20 purely residential HUD-funded projects exist in Cy-Fair, accounting for 4,492 total low-income multifamily units in comparison to 126,754 total homes in Cy-Fair, according to 2010 census data.
Once construction is underway, HUD-funded low-income housing projects have to meet certain standards, including having replacement reserves for any damage that arises, money to maintain the property on a daily basis and multiple inspections, according to HUD’s website.
“From a community standpoint, a lot of times people will say, ‘Why don’t you do something about this awful development over here?’, and it turns out it is not an affordable development, it is just cheap, old housing,” Gunsolley said. “There are standards in place for affordable developments.”
Cy-Fair low-income housing developments include a Section 8 housing complex, which allows qualified tenants to use vouchers to reduce their rent; low-income housing tax credit projects, which give developers a tax credit for taking on the project; and other multifamily projects, which include rehab facilities and senior living complexes.