The effect of tax increment financing development on housing affordability in Houston, Texas

dc.contributor.advisorOden, Michael
dc.creatorAllen, Letha Marie
dc.creator.orcid0000-0003-1629-2530
dc.date.accessioned2019-02-05T20:39:26Z
dc.date.available2019-02-05T20:39:26Z
dc.date.created2018-08
dc.date.issued2018-08
dc.date.submittedAugust 2018
dc.date.updated2019-02-05T20:39:27Z
dc.description.abstractTax Increment Financing (TIF), which is called TIRZ in Texas, has become a popular, if controversial, economic development tool used by local jurisdictions across the country. TIF has been used for a variety of purposes and its efficacy has not been widely studied. The few studies on TIF’s effectiveness have been concentrated in the Midwest. This report specifically evaluates the effect of TIF development on housing affordability in Houston, Texas. This work broadly focuses on how TIF district designation and new development in these districts affect overall land and housing costs and thus the supply of affordable housing units in the districts. The City of Houston has historically been averse to formal land use planning such as zoning, but it has enthusiastically embraced TIRZ district creation to raise property values and for the purpose of general “economic development.” This aggressive use of this mechanism in Houston raises critical questions about the purpose and effects of TIRZ financing on the overall tax base and trends in general tax revenues available to meet citywide needs. During the time period examined, 2000-2016, three of the four districts saw substantial increases in housing costs and all showed increases in the number of households burdened by those costs. TIF-related investments were not allocated directly to stimulate the development of new affordable housing units in any of the four districts. Improved transparency is needed to evaluate the efficacy of TIRZ financing as an economic development tool.
dc.description.departmentCommunity and Regional Planning
dc.format.mimetypeapplication/pdf
dc.identifierdoi:10.15781/T2C82518C
dc.identifier.urihttp://hdl.handle.net/2152/72794
dc.subjectTIF
dc.subjectTax increment financing
dc.subjectHouston affordability
dc.subjectHouston housing affordability
dc.subjectEconomic development
dc.subjectTIF development
dc.subjectTIRZ
dc.subjectHouston land costs
dc.subjectHouston housing costs
dc.subjectNew development and housing costs
dc.titleThe effect of tax increment financing development on housing affordability in Houston, Texas
dc.typeThesis
dc.type.materialtext
thesis.degree.departmentCommunity and Regional Planning
thesis.degree.disciplineCommunity and regional planning
thesis.degree.grantorThe University of Texas at Austin
thesis.degree.levelMasters
thesis.degree.nameMaster of Science in Community and Regional Planning

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