HOUSTON HOUSING FINANCE
The Houston Housing Finance Corporation (“HHFC”), a Texas public non-profit corporation, was formed in December 1979 by the City of Houston and is a 501 (c)(3) corporation.
HHFC’s mission is to provide housing for low to moderate income residents of Houston primarily through issuance of single family mortgage revenue bonds and private activity bonds for multi-family housing. HHFC has issued over $600,000,000 in single family mortgage bonds, assisting 9,100 families in home ownership. The corporation has also issued $125MM of mortgage credit certificates, assisting approximately 1,900 families purchase a home. Other activities have included buying $13MM of Habitat for Humanity mortgages, direct loans to develop residential lots, single room occupancy projects (SRO’s) for housing for the homeless, financing housing for seniors, renovation of the Rice Hotel, managing various down payment assistance programs and emergency home repair programs. In 25+ years, HHFC has assisted over 29,000 families with housing.