💰 Where’s the Money? Houston Housing Authority’s Failure to Collect $2.7M in Developer Fees

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 14/08/2024

Let’s talk about a big issue that’s been brewing in Houston’s housing market. The Houston Housing Authority (HHA) has a controversial tax break program designed to support affordable housing, and while it’s brought in over $50 million from developers, the HHA has failed to collect an additional $2.7 million that was supposed to help fund affordable housing projects. 😟

Houston Housing Authorityaffordable housingtax break programuncollected fundslow-income tenantsproperty tax exemptionsMayor John Whitmirepublic facility corporations (PFCs)financial compliancevulnerable populationsreal estate investment

Midtown Redevelopment Authority Corruption: $8.5M Misused

Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 24/06/2024

On October 31, 2023, construction was underway on a previously-owned Midtown Redevelopment Authority (MRA) lot in Houston’s Third Ward. This area has been at the center of controversy following the recent arrests of a former MRA staffer and two contractors on charges of public corruption.

Midtown Redevelopment Authoritypublic corruptionHarris County District Attorney’s OfficeTodd Edwardsmisuse of public fundsThird Ward neighborhoodaffordable housinglandscaping contractsfinancial controlsTax Increment Reinvestment Zones (TIRZs)