Economic Development

380 Agreements

  • Ordinance 1999-674, 380 Economic Development Program (.pdf)
  • The City of Houston's Chapter 380 Program provides financial assistance in the form of loans and/or performance-based grants to qualified businesses for eligible projects located within the Houston city limits. Eligible projects must demonstrably stimulate business and commercial activity in Houston. 

    Eligible projects may include (but are not limited to) manufacturing, research and development, residential, commercial, industrial and regional service facilities. An eligible project must include: 

    • Develop a CommunityA. Construction of substantial new real property improvements of at least $2,500,000 in value, or extensive renovation of existing improvements, on land owned or to be aquired by the applicant; and
    • Documented equity investment of at least $500,000 (loans to the project and guarantees of third party financing do not qualify)
    • and either:
    • Documented creation of at least 25 new full time jobs (40-hours per week), and retention of such jobs for a period of no less than five years; or
    • Creation of affordable housing or transitional housing. to be established by deed restrictions recorded in the Official Public Records of Real Property of the county in whihc the property is located.
    •  

      Assistance packages shall have a maximum term of ten years. Chapter 380 Program loans shall be recourse lending secured by deed of trust or appropriate collateral or non-recourse lending secured by deed of trust or appropriate collateral. Chapter 380 Program grants shall be structured as performance-based grants which require repayment if required performance levels are not met. 

       

      Applicants for assistance shall initiate consideration by submitting the following items: 

      • Letter from applicant describing the proposed project, its impact upon the community and its fiscal effect upon the City, and outlining requested financial assistance
      • Business Plan including, but not limited to, executive summary, company history, historical and proforma financial information and resumes of the company prinicipal(s).
      • Phase I Environmental Survey of the real property to be developed.
      • Survey of the real property to be developed.
      • Preliminary plans for the proposed real property improvements or renovations.
      • Two preceding years' Financial Statements for applicant entity.
      • Nonrefundable application fee of $500.00

        Applications for assistance will be reviewed for qualification and feasibility by City Staff. Recommended applications for assistance will be considered at committee meetings and City Council meetings conducted pursuant to the Texas Open Meetings Act.

      For more information please contact us.

       

      380 Agreements:

      12/18/2015

      WOIH Partners LLC

      Ord. 2015-1293

      12/16/2015

      Studemont Venture

      Ord. 2015-1273

      1/12/2015

      Museum of Fine Arts (MFAH)

      Ord. 2015-33

      12/9/2014

      Holmes Road Sanitary Sewer

      Ord. 2014-1139

      12/16/2015

      -- Holmes Road Amendment

      Ord. 2015-1270

      5/28/2014

      Reserve at Clear Lake

      Ord. 2014-528

      11/6/2013

      City Park

      Ord. 2013-1006

      10/16/2013

      Westchase

      Ord. 2013-945

      10/16/2013

      Bayou Greenways 2020

      Ord. 2013-949

      7/17/2013

      Costco

      Ord. 2013-664

      3/28/2013

      Houston Baptist University

      Ord. 2013-214

      12/26/2012

      Energy Corridor Management District

      Ord. 2012-1089

      12/16/2015

      -- Energy Corridor Amendment

      Ord. 2015-1272

      8/31/2012

      Finger Development Company

      Ord. 2012-709

      8/31/2012

      Downtown Living Initiative

      Ord. 2012-739

      8/13/2012

      4444 Westheimer (OMB Houston)

      Ord. 2012-696

      7/27/2012

      CenterPointe Hotels

      Ord. 2012-697

      6/11/2012

      EastGroup

      Ord. 2012-536

      2/3/2012

      CH2M Hill

      Ord 2012-66

      1/3/2012

      Schlumberger

      Ord. 2011-1203

      11/1/2011

      Kroger @ Studemont

      Ord. 2011-920

      8/8/2011

      HEB Gulfgate

      Ord. 2011-660

      7/7/2011

      Independent Arts Collaborative (MATCH)

      Ord. 2011-546

      2/14/2011

      Dynamo

      Ord. 2011-73

      9/28/2010

      Ainbinder

      Ord. 2010-748

      9/13/2010

      InTown Homes

      Ord. 2010-716

      9/10/2010

      Dean Foods (Oak Farms Dairy)

      Ord. 2010-688