East Waco Apartment Project to Face Council Vote

The city will decide on a 150-unit development plan that includes 30 income-restricted apartments for local households.

Updated on Oct. 21, 2026 in Apartments

East Waco Apartment Project to Face Council Vote

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The Waco City Council is set to vote Tuesday on a development agreement for an East Waco site on Taylor Street that includes at least 150 apartments and nine commercial units. If approved, the project would trigger $37 million in private investment with the city contributing up to $5.6 million in tax increment financing.

Why it matters

This development represents a significant shift in East Waco land usage and urban density that incorporates a decade-long commitment to housing affordability. By mandating income-restricted units, the city aims to balance new commercial infrastructure with housing options for local households.

The proposal includes 150 apartments and nine commercial units, with 30 apartments reserved for residents earning up to 100% of the area median income for 10 years. The city also plans to transfer public land to the project developer.

The players

Waco City Council

The local legislative body responsible for governing municipal development, zoning approvals, and the allocation of public funds for city projects.

The details

The development agreement mandates that the private developer provides $37 million in capital to construct the multi-use complex on Taylor Street. In exchange for the land transfer and the tax increment financing, the developer must maintain the income-restricted status of the 30 designated units for a period of 10 years.

Tuesday, October 20, 2026: Waco City Council scheduled to consider the development agreement.

The Home Front

The proposed Taylor Street project follows the standard implementation of Tax Increment Financing, which allows cities to capture future property tax gains to fund current infrastructure development. This strategy reflects a broader trend of local governments leveraging public funds to spur dense, mixed-use construction.

Residents should track whether this project proceeds, as it may influence future neighborhood density and commercial access along the Taylor Street corridor. Keep an eye on city meeting minutes to learn when the 10-year income-restricted units will be available for application.

The takeaway

Large-scale urban development projects often involve long-term affordability pledges that are worth monitoring for those seeking new housing options. Keep this date on your calendar to see how the City Council decides to allocate the proposed public funds.