💰📉 Secret Property Deals Draining Local Budgets! 📉💰

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 20/12/2024

Did you know landlords in Harris County are getting tax breaks that quietly strip $600 million from local tax rolls every year? That’s $10 million annually—gone from schools, police, and hospitals—thanks to a loophole that’s more of a “get-rich-quick” scheme than a housing solution. Let’s break it down:

Bill Rapp, Commercial Mortgage Broker

🚨 Affordable Housing or Developer Jackpot? 💵

By: 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.

Bill Rapp, Commercial Mortgage Broker

🔍 Investigation Sparks Leadership Change at HHA 🏢

By: 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.

Bill Rapp, Commercial Mortgage Broker