In a move that could significantly impact local tax revenues, the Corpus Christi Housing Authority has acquired 13 high-end apartment complexes worth $350 million in just five months, potentially removing millions of dollars from local tax rolls.
The properties, including The Villas on Ocean Drive, The Icon on Saratoga, and South Lake Ranch on Rodd Field, represent a shift in how the housing authority operates.
According to the authority’s CEO, Gary Allsup, this is a “workforce housing initiative” designed to provide housing for middle-income workers like teachers, firefighters, and police officers…