Texas Closes One Developer Tax Loophole, But There’s Another
2024年10月21日 · Texas developers are using housing finance corporations (HFCs) to secure tax exemptions, helping salvage underperforming real estate projects amid rising costs. Following …
Housing group made millions getting tax breaks for developers, …
2023年12月23日 · On a vacant south Dallas city block, a new apartment complex is going up—one that will pay no property tax. In exchange for a promise to provide affordable housing, …
‘Traveling’ Housing Finance Corp. Projects Could Take $1 Billion …
2025年1月29日 · The Dallas HFC provides tax-exempt mortgage revenue bonds and other support for the acquisition, construction, or substantial rehabilitation of multifamily housing. …
Texas HFC Property Tax Loophole About to Close? - CRE Daily
2025年3月10日 · Texas landlords are rushing to take advantage of a legal loophole that allows them to secure big property tax breaks, potentially worth millions. This caught the attention of …
Housing Finance Corporation Loophole Criticized in Texas
2024年10月16日 · Texas HFCs were designed to facilitate affordable housing, providing developers with significant tax breaks, including exemptions from property and sales taxes. …
The Affordable Housing Controversy in Texas - Offerd
2023年10月12日 · Under the mandate of providing affordable housing, sponsors found a financial haven in PFCs, partaking in a tax abatement in exchange for restricting half the property for …
Texas landlords scramble for millions in tax breaks as loophole …
2025年2月18日 · Housing finance corporations, or HFCs, can be created only by cities and counties. Texas rules for them are relatively loose, and there is nothing prohibiting them from …
Some developers are using a loophole to get out of paying …
2024年12月16日 · This means an HFC in one county can sign off on a deal with a developer in another county to take a development off the tax rolls, and pocket a fee without reinvesting in …
Texas Housing Finance Corporation faces Freddie Mac scrutiny
HFCs allowed developers to access financing and incentives not limited to their local area, promoting affordable housing across multiple jurisdictions. However, concerns over their …
Providing federal money to an HFC as a subrecipient may allow more efficient compliance monitoring and administration of federal funds, while keeping the local government’s audits …