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Council creates framework to form Terrell Housing Finance Corporation
5073282 · June 26, 2025
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Summary
The council approved a resolution authorizing steps to form a Housing Finance Corporation under Texas law to support development of low- and moderate-income housing.
The Terrell City Council voted June 24 to approve a resolution authorizing the formation of a Housing Finance Corporation (HFC) under Chapter 394 of the Texas Local Government Code.
Denish Simon, Director of Housing, said a private developer approached the city about using an HFC as a…
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