🚨 Affordable Housing or Developer Jackpot? 💵

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 09/12/2024

Houston’s housing crisis isn’t just about rising rents—it’s also about a multi-million-dollar loophole that’s robbing taxpayers blind. Enter the Public Facility Corporation (PFC) scheme, a system designed to create affordable housing but now better known for funding developers' dreams while delivering almost nothing to low-income communities. Let’s break it down, Houston-style.

Houston Housing CrisisPublic Facility Corporations (PFCs)affordable housing HoustonHouston Housing Authority (HHA)real estate tax loopholeslow-income housing Texashousing development scamsTexas real estate corruptiontaxpayer accountability Houston

🔍 Investigation Sparks Leadership Change at HHA 🏢

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 20/11/2024

The Houston Housing Authority (HHA) has found itself in the spotlight amid leadership changes and mounting scrutiny over its practices. David Northern, who served as president and CEO since February 2022, resigned this week in the wake of an investigation into his duties and decision-making. Let’s break down the story and what it could mean for Houston’s housing future.

Houston Housing Authority (HHA)David NorthernPublic Facility Corporations (PFCs)Mayor John Whitmirehomelessness in Houstonaffordable housing shortages