Business View Civil Municipal - July 2023

219 CIVIL AND MUNICIPAL VOLUME 4, ISSUE 7 PALMVI EW, TE XAS town anymore. We welcome that mentality around localness, but we’re also welcoming larger companies alongside local ones.” Palmview Is Growing Fast! According to the most recent census data from 2022, Palmview is the fourth fastest-growing city in the state, recording a 213.9% growth rate. The city estimates that 100 to 120 homes have been built annually for the last five to six years. The new residents are, according to the city, more affluent than previous generations and are family to older citizens that reside in Palmview. This means the homes being built are more significant, ranging in price from $250,000 to $400,000. “These residents are more established than those who moved here 30 to 40 years ago due to their age and having access to education,” says Mayor Villarreal. The new homes are mixed-use, with some being apartments and complexes. A few years ago, an investment of $8.5 million was put into a 104 unit complex capitalizing on new market tax credits, which allows them to be rented at an affordable rate. Recently, two contractors have contacted the city, looking to develop upscale apartments and complexes. One of the contractors wants to invest $4 million into a half-acre plot. Palmview management has brought together local and state politicians to help the city and its citizens. Now that everyone is on the same page, the infrastructure is being laid down the same corridor as where the newer businesses are lining up. . Through these partnerships $40 million was secured to complete the Palmview sewer project, which is now in its last stages, also allowing Palmview to repave many of the original streets and bring in new infrastructure. No city can successfully accomplish its goals in isolation, and they are glad to have valued