IntroductionJune 2020

[HLB] mission

Strategically acquire, dispose, and steward vacant, abandoned, and damaged property into productive use to catalyze transformative community and economic development for the City ofHouston.

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Demonstrate continuous improvement and define national best practice

be a good neighbor in communities we serve

Provide proactive and transparent access to data, activities, and operations

[HLB] values: Transformations not just transactions

collaboratewith partners on key initiatives to support equitable and transformative development

identify highest and best use for sites that support communityneeds andinitiatives, utilize resources to create added value

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PROGRAMS

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Accomplishments to Date

712 76+ M

1+ M 555

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Momentum building: Although 2019 did not see as many transactions, the foundation has been laid to accelerate activity.

To build inventory over time will require a new approach, including new policies--Prior LARA model relied on foreclosure auction & strikeoffs,market has changed.

LARA Programs-Historical

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Inventory

Inventory

> 555 Properties

• 245 Holding for HCDD

> HLB Neighborhood Clusters

• Sunnyside

• Settegast

• Trinity Gardens

> New Areas

• Complete Communities I & II

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HLB markets and sells the lot to builders directlySimilar to LARA, but with increased quality standards, oversight and compliance

HLB markets and sells the house to homebuyersdirectly. City has procured builders, turns over house for HLB to sell

[HLB] Housing Programs

Progress Snapshot

2019:• 59 Houses sold• 40+ currently under

development• New qualified builder

pool• New program

guidelines

2020 CURRENT STATUS

• 13 Houses Sold

• Round 2 lot sales in July

> 120% AMI Homebuyers

• 132 properties under oversight in 2019

• 13 properties reverted into inventory

• Actively persuing vacant land for repurchase

HLB Housing Initiative

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Property Development Upcoming Lot Sales

> New pool of Builders selected

>Upgraded Program Guidelines

• Quality Control and Contract Compliance redesign

> First lots released for Sale January 2020

Progress Snapshot

Development Began on HLB lots in AcresHomes, 50 Lots in other neighborhoods

25 Homes sold, 30 houses in development

Acquisitions in:Acres HomesNear NorthsideSettegastSecond Ward*New Neighborhoods

> 80% AMI Homebuyers

>Sales options:

• Community Land Trust

• Traditional Down Payment Assistance

New Home Development Program

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Home Sales Acquisition

> Acquired 67,900 SF to provide up to 28 houses

>26,000 SF under contract,

> 77,000 SF going under contract*

> Over 700 properties reviewed this year. Challenges to acquisition include inflated prices, title complications, investor competition.

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RFQ & RFPRFQ for Planning and Real Estate & Market Analysis Services• Building pool of qualified services providers• Supporting small to medium planning/analysis activities in a

variety of neighborhood settings over the next two years

RFP for Settegast Neighborhood Plan• Potential service providers must meet RFQ requirements, and

qualify for the pool• Submission should include specific items as requested in proposed

bid

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HLB story

Initial acquisitions in Third andFifth Ward for affordable housing per City Council direction:

120 lot Pilot

2003Initiated interlocal agreements with taxing authorities to acquiretax-foreclosed propertiesand return to productive use

13 MemberBoard of Directors MayorCity Council Harris County HISD

1999Organized as Land Assemblage Redevelopment Authority

Historically focused on

providing affordable housing, community gardens with lot sales

2018recertified as Houston Land Bank to partner with the City on its new chapter of initiatives

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