Government
BY EMILY LINCKE CONTRIBUTIONS BY JESSICA SHORTEN
Humble relaxes requirements for senior apartments
Humble invests $321K for manufacturing On April 22, Humble City Council approved a $321,000 economic investment incentive for a new 155,000-square-foot manufacturing facility. About the project Technofil USA—a metallic wire manufacturer—is expected to invest $22 million into constructing its two-build- ing facility, Stephanie Smith, Lake Houston Partnership’s chief economic development officer, said during the April 22 City Council Meeting. The manufacturing facility is expected to bring 160 new jobs, and the company has plans to commit to a 10-year lease of the property, she added. The investment is expected to bring the city an $11.5 million return on investment, Smith said.
59
Townsen Landing
Humble
1960
On April 10, Humble City Council updated ordi- nances to add an exception in multifamily housing density requirements for senior apartments. In a nutshell City Council unanimously voted to up the maximum number of apartment units for senior multifamily projects to 30 units per acre. The maximum density for multifamily projects has ranged from 10-20 units per acre over the last 15 years, City Manager Jason Stuebe said. The change was made to help Skymark Devel- opment Company Inc. with a 130-unit senior apartment project that has been planned for a 10-acre lot near Deerbrook Mall, Stuebe said. The project is part of Skymark’s larger mixed-use development—Townsen Landing—located near the
N
SOURCE: SKYMARK DEVELOPMENT/COMMUNITY IMPACT
intersection of Hwy. 59 and Townsen Boulevard. The specifics The April 10 ordinance changes require projects to include at least 80% of units for people ages 55 and older, Stuebe said. The regulations also prevent someone from converting a senior living property into another type of housing later. Stay tuned Leadership at Skymark said the new rules will let them start building the senior apartments this year, Mayor Norman Funderburk said.
FIRST FINANCIAL COMMERCIAL TEAM: YOUR TRUSTED PARTNER FOR SAFE FINANCIAL SOLUTIONS At First Financial, our Commercial Banking Team takes pride in being your trusted partner for safe financial solutions, tailored to meet your business needs. Specializing in commercial business solutions, our experienced team works closely with you to provide expert guidance and support, ensuring that your business is protected every step of the way. From construction loans to working capital loans and anything in the middle, we are here to help.
YOU FIRST | FFIN.com | 281-318-4600 MEMBER FDIC
LEARN MORE!
Shelley Dacus CEO NMLS #780972
James Alexander President NMLS #1662327
Brian Bonner Commercial Relationship Mngr. NMLS #1147491
All loans subject to credit approval.
9
LAKE HOUSTON - HUMBLE - KINGWOOD EDITION
Powered by FlippingBook