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PL -INFO -0007 (rev 08/24) <br />TEXAS <br />Where Texans Reach Higher <br />Milnlrnum investment - To be eligible for residential tax abatement., an Applicant must construct a new <br />structure or structures on the property parcel(s) Identified In an Agreement between the applicant and <br />the City. <br />Umftations: <br />1. Maximum of 20 dwelling units per agreement. <br />2. All projects must be at 80% completion prior to consideration of a new infill housing agreement. <br />3. Pre -Approved building plans may be accepted, <br />4. No zoning change unless there is a substantial change in neighborhood or compatible with the future <br />land use map. <br />IV. Ince <br />IN b f <br />Incentives <br />17ngle-Famlly <br />Iti-Family <br />uplex ...... <br />�Ilww� . .......... A� .......... <br />caw -Cost <br />Residential Lots <br />Residential <br />V3 3 -Year Decreasing <br />ax Abatement <br />'%/5 -year 100% <br />-year 100% <br />ear 1: 100% <br />e' <br />ear2:75% <br />e4, <br />ear 3:50% <br />Reduced Building <br />1,1/100% tSo <br />100% for sprinkled <br />Plan Review <br />uilding <br />-OR- <br />50% non -sprinkled <br />huilding <br />'Reduced Permit <br />. . . .......... . <br />V'100% <br />VJ00% for sprinkled IN/25% <br />I ees <br />building <br />OR - <br />,0% non -sprinkled <br />building <br />. .......... . . . . <br />educed rates on <br />V25% <br />11's/259/o <br />Water/Sewer tap <br />fees . .. ............... <br />.. ............. <br />