Houston Housing commissioners have voted to move ahead with the purchase of the former Pinemont Park and Ride lot near U.S. 290. Metro’s board must now decide whether to enter into negotiations.
Wayne Norden with the Near Northwest Management District says the property needs to be used for commercial development. He spoke at a recent community meeting.
“In two years that’s going to be a very valuable piece of property, and to have these tax dollars just thrown away makes no sense at all,” Norden says.
But Housing Authority President Tory Gunsolley says they’re trying to fulfill a huge demand for low-income housing.
“There are over 100,000 households that would be eligible for public housing and for affordable housing, Gunsolley says. “And in some cases the waiting list is over ten years long.”
The Pinemont property has been appraised at a little over $3 million.