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 the closure of the PFC loophole, state lawmakers are now looking to reform the HFC program.

(a) The purpose of this chapter is to provide a means to finance the cost of residential ownership and development that will provide decent, safe, and sanitary housing at affordable prices for residents of local governments. (5) preserves and increases the …

2025年3月10日 · Texas landlords rush to take advantage of a legal loophole that allows them to secure big property tax breaks, potentially worth millions. Texas Housing Finance Corporations (HFCs) are allowing developers to secure property tax exemptions by converting properties into affordable housing.

2025年1月29日 · In between debates over school vouchers and immigration policies, the Texas Legislature could address this session a little-known but potentially dangerous initiative of “traveling Housing Finance Corporation projects” that experts say could erode the Dallas tax base while undermining the integrity of the HFC programs that have delivered ...

Southeast Texas Housing Finance Corporation (SETH) promotes affordable housing opportunities for low to moderate-income eligible Texans. For more than 40 years, SETH has met our community’s housing needs with a variety of programs that include assistance with home purchases and rental housing for residents and seniors.

2023年12月23日 · The HFC's board says communities like the ones in North Texas, where these projects are happening, benefit when developers use their tax savings to reinvest in the properties.

What is an HFC? 3 •Housing Finance Corporation, aka. “HFC” Governed by Chapter 394, Texas Local Government Code “provide a means to finance the cost of residential ownership and development that will provide decent, safe, and sanitary housing for residents of local governments.” Section 394.002.

2025年1月4日 · An HFC in South Texas granted the tax exemption to the aforementioned property, The Pines at Woodcreek in Humble. Rent is about $1,200 on average. Harris County will no longer be allowed to collect property taxes from …

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. This tax relief can often be the...

2023年10月12日 · The affordable landscape of multifamily real estate in Texas was recently rattled, particularly in Houston, where a brewing controversy cast a spotlight on the use of Public Facility Corporations (PFCs).