Proposed Texas House Bill 21 Seeks to Address Housing Affordability Crisis by Reforming Housing Finance Corporations. Here’s How it Could Impact the State.

Proposed Texas House Bill 21 Seeks to Address Housing Affordability Crisis by Reforming Housing Finance Corporations. Here’s How it Could Impact the State.

AUSTIN, TEXAS — A new bill introduced in the Texas House and its companion in the Senate aim to close loopholes and reform Housing Finance Corporations (HFCs) in the state. If passed, these bills may reduce the state housing crisis by offering a helping hand to vulnerable low- and moderate-income earners. Rep. Gary Gates (R-Richmond) filed House Bill 21 (HB 21) to address concerns that certain HFCs have abused property tax exemptions and failed …