HARLINGEN — The picture revolving around the redevelopment plan of the Baxter Building is becoming clearer.
A $4.5 million project to renovate the city’s tallest building would likely result in the development of about four-fifths of its apartments as low-income housing.
The Texas Department of Housing and Community Affairs application for federal tax credits shows MRE Capital has proposed building 19 low-income units while renting five apartments at market rates as part of the renovation of the nine-story Baxter Building.
But, for months, city officials told downtown property owners the developers planned to offer more apartments at market rates, Bill DeBrooke, chairman of the Harlingen Downtown Improvement District, said yesterday.
“That’s about the reverse we were originally told that was going to happen,” DeBrooke, who owns several downtown buildings, said of the developers’ proposal.
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