On the evening of May 15th, developer Waterstone introduced its proposal for a new master-planned community to the Huntsville, Texas City Council, according to Joseph Brown of The Huntsville Item. The proposed community is expected to bring approximately 900 new homes to the area across 230 acres. A vote on the project has not yet been scheduled.
The community will include primarily three- and four-bedroom entry level homes, ranging from 1,400 to 2,200 square feet in size. Townhomes will be priced from $160,000, while single-family homes will range from $250,000 to $325,000.
It is the second master-planned community that has been presented to council this year, after members provided support for the creation of a Municipal Utility District for a 360-acre development near the Sam Houston National Forest on the southern edge of town.
Under state law, developers are allowed to create these utility districts as a local government authority in order to levy additional taxes on the future residents of a development. The tax revenue will help fund, via debt, the creation of public infrastructure and help maintain things such as parks and retention ponds.