Housing Finance Corporation

What is a Housing Finance Corporation? Why do we have a Housing Finance Corporation? What does the Housing Finance Corporation do? Does the City fund the HFC? A Housing Finance Corporation (HFC) is a public, non-profit corporation organized under Chapter 394 of the Texas Local Government Code. HFCs essentially provide a means to finance affordable residential development for local governments. Rowlett City Council voted to approve incorporation of the Rowlett HFC on July 11, 2017. The Rowlett HFC promotes residential ownership and development through the financing of projects and programs that are of long term economic benefit to the city and its residents. HFCs are standalone corporations. Although they perform essential governmental functions, they are not directly funded through the city’s coffers. HFCs may issue debt (through the sale of bonds), but the debt is not directly tied to the city and does not affect the city’s bond capacity or rating.

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1. Dalrock Road Curves
2. Sapphire Bay
3. Multi-Family Developments
4. Bayside Project History
5. Utility Bills
6. SB2 and the City Tax Rate
7. North Texas Municipal Water District (NTMWD)
8. North Texas Municipal Water District (NTMWD) Cost of Service Review
9. Economic Development
10. Streets and Alleys
11. Village of Rowlett Downtown
12. Liquor Stores
13. Senior Tax Freeze and Exemption
14. Parks
15. Scenic Point Park
16. Rowlett Community Centre
17. State Highway 66 Median Beautification Project
18. Rowlett Public Library
19. Rental Housing Standards Program
20. Housing Finance Corporation