Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House votes to curb ‘traveling’ housing finance corporations after extended debate
Summary
HB 15 85 passed after floor debate and amendments; the bill prevents housing finance corporations formed outside a local jurisdiction from removing property tax base from taxing districts without local consent.
The Texas House passed HB 15 85 on Tuesday, a measure aimed at stopping what supporters called the practice of “traveling” housing finance corporations (HFCs) that the bill’s proponents said are removing property tax base from local jurisdictions without local consent.
Why it matters: Supporters said the measure protects school districts, counties and cities from losing tax base when out‑of‑jurisdiction HFCs form and issue bonds that remove assessed…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
