What is the HFC?
The Harris County Housing Finance Corporation was incorporated on June 30,1980 under the Texas Housing Finance Corporations Act and celebrates its 45th year of operation in 2025. Historically, the HCHFC has acted as a bond issuer and direct lender for single family mortgage bonds, and affordable rental housing private activity bonds, in conjunction with 4% LIHTC investments.
As of 2023, the corporation is now actively involved in the following: direct ownership through General Partnerships, land acquisition and groundleases, including both affordable rental housing and our subsidiary corporation, the Harris County Community Land Trust Management Corporation.
Executive Director Rene Martinez speaks at the groundbreaking for EMLI at Mesa Gardens.
The corporation annually seeks allocations of Private Activity Bonds through the Texas Bond Review Board for single family mortgages and assigns the bonds to the Texas Department of Housing and Community Affairs to expand first time homebuyer mortgages availability statewide and in the Harris County service area.
Additionally, HCHFC ‘s subsidiary corporation, the Harris County Community Land Trust (CLT), which ensures long-term housing affordability by acquiring and holding land in trust for a ninety-nine year period, with a first time homeowner family with an income no greater than 80% Area Median income holding a groundlease mortgage. By partnering with lenders, realtors, and builders, HCHFC provides financing opportunities for first-time homebuyers and supports homeownership within the county.
Through these initiatives, HCHFC is vital in promoting affordable housing and fostering community development in Harris County.
HCHFC is governed by a nine-member Board of Directors appointed by the Harris County Commissioners Court.
Staff Members
Rene Martinez
Executive Director
Harris County Housing Finance Corporation
Director
Housing Finance and Redevelopment Division
Housing & Community Development Department
