The state legislation governing Homestead Preservation Districts requires that all revenue from a Homestead Preservation District Tax Increment Reinvestment Zone must be reinvested in the area to support households at or below 70% of the median family income (MFI). There are additional requirements for lower income households as well:
1) At least half of the revenue must benefit households at or below 50% MFI
2) At least 25% of the revenue must benefit households at or below 30% MFI
Click here to view these median family income levels for the Austin-Round Rock metro area.