Hays County moves to curb local activities of far-flung housing entities

Hays County moves to curb local activities of far-flung housing entities

A number of bills working their way through the state Legislature would crack down on "traveling" HFCs, a derisive term for such entities that use their legal status to arrange tax breaks for developers in exchange for large fees far outside the jurisdictions in which they were created and without any local input.

Hays County files temporary restraining order against housing group over tax loophole

HAYS COUNTY, Texas (KXAN) – Hays County has filed temporary restraining orders against two out-of-county housing finance corporations, or HFCs, over acquiring large residential developments, which officials allege will strip Hays County of valuable tax revenue.  Hays County announced Tuesday the restraining order against Pecos Housing Finance Corporation and Pleasanton Housing Finance Corporation for acquiring developments in San Marcos and Kyle…

Texas House bill tries to close property tax exemption loophole

Some Texas lawmakers are trying to close what they call a property tax exemption loophole. It involves housing financial corporations, or HFCs.

Hays County challenges outside groups over $227M tax exemption

Hays County, Texas, pursued legal action against Pecos and Pleasanton housing groups for tax exemption attempts on affordable housing developments.