A Buda, TX partnership has M/I Homes and Meritage Homes splitting a $7.6 million bridge tied to a 496-home development. The public-private partnership deal uses a MUD and tax reinvestment incentives and underscores the affordability tradeoffs of builder-funded infrastructure. AI Summary
A new public-private partnership in Central Texas solves for a common stumbling block for homebuilders, who face having to balance home price affordability with the public infrastructure investments their projects often require.
On Friday, the City of Buda, TX, located about 15 miles south of Austin, held a ribbon-cutting ceremony for a $7.6 million bridge that will link a new subdivision, The Colony at Cole Springs, with the city’s main commercial corridor…