Harris County Housing Finance Corporation
Expanding and preserving affordable housing in Harris County.
Homebuyer
Programs
Developer
Programs
Development financing, ownership structure, bonds, and tax credit information.
Current & Completed
Projects
To date 40 multi-family projects are announced, underway or completed.
What is The Harris County
Housing Finance Corporation?
The mission of the Harris County Housing Finance Corporation (HCHFC) is to promote and maintain affordable housing within Harris County.
Established on June 30, 1980, under the Texas Housing Finance Corporations Act, HCHFC is a non-profit entity authorized by the Harris County Commissioners Court. As a public instrumentality, the Corporation carries out essential governmental functions for the benefit of the public, local government, and the state of Texas. Its primary role is to finance develop, own and manage housing development projects that ensure the availability of safe, sanitary, and affordable housing for residents of Harris County.
The Corporation is governed by a nine-member Board of Directors, all appointed by the Harris County Commissioners Court.
Financed $1.3 billion in multi-family development
Single-family mortgage bonds for first-time homebuyers
Multi-family rental units
Our Impact on Affordable Housing
There is a housing affordability crisis in Harris County. According to the Kinder Institute’s My Home is Here study, Harris County needs over 20,000 new multi- and single-family affordable homes per year. HCHFC works closely with non-profit and private-sector partners to deliver new affordable housing units every year.
Our accomplishments:
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Financed $1.3 billion in multi-family development through U.S. Treasury ARPA and bond inducement project development, resulting in 8,000 multi-family units in our pipeline and completed.
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HCHFC pioneered a mortgage bond program with the Texas Department of Housing and Community Affairs to provide $232 million bonds, resulting in homebuyer assistance to 541 single-family homebuyers in Harris County.
Our goal is within the next five years is to induce a pipeline of 10,000 units per year at 120% and below of the area median income.
Partners
