To recap, here are:
= A summary of our @HoustonChron investigation into the Midtown development zone's land sales: www.houstonchronicle.com/news/investi...
=Interactive chart explaining the sales: www.houstonchronicle.com/projects/202...
=And the main story: www.houstonchronicle.com/projects/202...

Midtown had planned to build 269+ affordable homes on the land it sold.
And that's not counting apartments the Houston Housing Authority was preparing to help build when Midtown sold tracts out from under the project to an investor -- without telling HHA:
www.houstonchronicle.com/projects/202...

Midtown also admits it paid “avoidable”‼️ fees on the sales, the result of a fired Midtown exec's “inappropriate” ties to the brokers he chose: his alleged girlfriend ($161k in fees) & his wife’s nephew ($18k).
The exec + girlfriend face unrelated charges:
www.houstonchronicle.com/politics/hou...

Midtown lost money on its largest land sale to an investor because it:
1) Sold a big tract for $500k+ less than it had paid for it 5 years before
2) Appraised only half of another tract before selling it, inadvertently giving half of it away for free
www.houstonchronicle.com/projects/202...

Midtown has used its housing funds in other questionable ways – including by building a $22m office tower where no one lives:
www.houstonchronicle.com/news/investi...
(The tower, in fact, drove Midtown to sell land, so it could pay down the construction loan it took out for the project.)

Midtown sought to make a profit on the sales but didn’t offer the land on the open market to the highest bidder. Some sales even brought in less money than Midtown paid for the land in the first place.
To understand why, see this @ameliawinger interactive:
www.houstonchronicle.com/projects/202...