Financial Entitlement is also known as a Public‑Private Partnership (PPP). Mooreland has been focused on these Municipal relationships since it’s inception in 2000, and has included some form of PPP in each of it’s developments. Mooreland’s depth of experience in this field is substantial. It ranges from simple fee‑waivers and direct cash‑injections by the governing Municipalities up to highly‑complex Chapter 380 Agreements, Public Improvement Districts (PID’s) combined with a Tax Increment Finance / Tax Increment Reinvestment Zone (TIF/TIRZ). PPP’s play a significant role in financing the high‑quality developments demanded by the marketplace while still delivering exceptional returns to Mooreland’s Investors and Partners.
In a marked departure from Euclidean Zoning and it’s traditional restrictions, Mooreland has worked in partnership with Blackard Development to create a new dimension in zoning that allows the land uses to evolve over time to ‘Meet the Needs of the People.’ By creating this template and then successfully applying it in Westlake Entrada and Barisi in Corpus Christi, Mooreland has grealty reduced the potential for gentrification of the products within the development which extends the useable life indefinitely. Much like the Villages in Europe and along the Eastern Seaboard of the United States that evolved over hundreds of years, land uses change over time as needed. A corner market may become a pharmacy, or as the owners age it may transition to a residential unit that better meets the needs of the owner. This evolutionary process as part of Zoning and Entitlements further protects both the individual owner in the development as well as Investors. The Village becomes a reflection of the hundreds of individual owners, and not just tenants and renters. Ownership is key, as people will fight for what they own, but walk away from what they rent.