Houston Housing Authority Earns $8 Million from Auction

by Houston Agent

The auction of more than 170 leftover Scattered Sites properties this week raised $8 million for the Houston Housing Authority. The organization plans to invest the funds in local multifamily affordable housing projects. The properties—171 homes and three home lots—were part of the Scattered Sites Homes Program, an initiative that started in 1987 to move low-income people from public housing into their own homes.

“Selling these properties was a critical first-step in our effort to get the agency moving forward,” the Housing Authority’s new president and CEO Tory Gunsolley said in a statement.

The Houston Housing Authority provides affordable homes and services to more than 60,000 low-income Houstonians.

Read More Related to This Post

Join the conversation

Oops! We could not locate your form.