Texas Lawmakers Seek Reform of Multi-Million Tax Breaks to Apartment Developers for ‘Affordable Housing’

Posted on AllSides March 2nd, 2023
From The Right
The Texan/Daniel Friend, The Texan/Ben Billups

Texas lawmakers are seeking to reform a state program that has awarded hefty tax exemptions to apartment developers in Houston and other urban areas through a process some say lacks transparency and oversight and fails to meet affordable housing goals.

Legislation filed by state Sen. Paul Bettencourt (R-Houston) and Rep. Jacey Jetton (R-Richmond) Tuesday would add more stringent requirements to the approval of tax breaks through Public Facility Corporations (PFC) in exchange for affordable housing for low-income households.

Under current law, local government authorities may create a PFC to purchase or...

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https://thetexan.news/texas-lawmakers-seek-reform-of-multi-million-tax-breaks-to-apartment-developers-for-affordable-housing/

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