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El Paso Commissioners approve steps to form county Housing Finance Corporation
Summary
After months of preparatory work, the Commissioners Court approved statutory steps to form an El Paso County Housing Finance Corporation under Texas Government Code chapter 394, designating incorporators and adopting bylaws to allow the nonprofit instrumentality to begin organizing.
El Paso County Commissioners on Monday approved a package of resolutions and documents to begin incorporating the El Paso County Housing Finance Corporation, a nonprofit public instrumentality authorized under Texas Government Code chapter 394 to finance residential ownership and development.
The court voted to accept a written application to incorporate the entity, designate County Judge Ricardo Samaniego, Commissioner Eliana Olguin and Chief Administrator Betsy Keller as the three incorporators required by statute and to file articles of incorporation and the proposed bylaws. Anna Schumacher, assistant county attorney,…
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