Weeks after Houston City Council approved rules restricting new home construction in floodplains, the council unanimously approved a measure April 25 that will pave the way to develop hundreds of new homes on the site of a former golf course that falls within the city’s mapped floodplain.
Scottsdale, Arizona-based Meritage Homes (NYSE: MTH) got approval from the council to create a municipal utility district to provide basic infrastructure including water and sewage for the 900-home development…
