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Rowlett Housing Finance Corp. wins council backing for $4 million TDHCA mortgage bond allocation
Summary
Council adopted a resolution supporting the Rowlett Housing Finance Corporation's request to reserve up to $4 million of state volume cap for mortgage revenue bonds administered by the Texas Department of Housing and Community Affairs (TDHCA) to support below-market mortgages and buyer assistance programs.
Rowlett — The City Council voted July 15 to support a reservation request by the Rowlett Housing Finance Corporation (HFC) to allocate up to $4,000,000 of state volume cap for mortgage revenue bonds administered by the Texas Department of Housing and Community Affairs. City staff explained the reservation would not create city debt. Instead, it assigns additional…
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