🚨 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.