Primary Department: Housing and Community Development
Primary Department Head/Elected Official: Thao Costis
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
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Request for approval of an order, prepared by the County Attorney, approving the assignment from the Harris County Housing Finance Corporation (HCHFC) to the Texas Department of Housing and Community Affairs (TDHCA), of a $72,774,039 reservation for the issuance of qualified single-family mortgage revenue bonds, pursuant to Chapter 394.032(e) of the Texas Local Government Code, and Chapter 1372.044 of the Texas Government Code.
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Background and Discussion:
The Harris County Housing Finance Corporation (“HCHFC”) was created by the Commissioners Court of Harris County, Texas on June 30, 1980, pursuant to the provisions of the Texas Housing Finance Corporations Act, as amended, Texas Local Government Code, Chapter 394. To address the critical demand for affordable housing as evidenced in the Kinder Institute 10-Year Housing Strategy, particularly improving opportunities for single-family homeownership in Harris County, and to improve access to single family mortgage lending coupled with down payment assistance, the HCHFC approved a resolution on May 20, 2026, to authorize the filing with the Texas Bond Review Board of an application in the maximum amount of $72,774,039 with respect to qualified mortgage bonds, and the Texas Bond Review Board has issued a reservation of “State Ceiling” in connection with such Application for Reservation. Through the approval of the new issue and assignment to TDHCA, the HCHFC will have received and assigned $367,071,129 (for 2020-2026) to support low to moderate income families in the HCHFC Service Area achieve the dream of homeownership.
Harris County HFC pioneered the assignment of bond authority to TDHCA, allowing retention of PAB authority for use financing home ownership. The program expanded the volume of lending such that as of June 30, 2026 the partnership with TDHCA has created 711 new first-time homeowners in the Harris County service area. Subsequently Harris County HFC encouraged other HFCs, further expanding TDHCA’s capacity to originate loans for homeownership and providing further economies of scale.
On July 28, 2020, the Commissioners Court approved an Order, approving the assignment, from the Harris County Housing Finance Corporation (HCHFC) to the Texas Department of Housing and Community Affairs (TDHCA), of a $51,000,000 reservation for the issuance of qualified single-family mortgage revenue bonds. This successful action continued with similar transfers in 2022 to 2025.
Expected Impact:
This order will allow the Harris County Housing Finance Corporation to enter into a bonds assignment agreement with TDHCA to issue bonds or mortgage credit certificates on behalf of HCHFC.
Alternative Options:
The bonds assignment agreement will not go forward and deny the opportunity of Harris County residents to apply for this single-family mortgage program.
County Strategic Plan Goal: 6. Help residents achieve housing stability.
County Strategic Plan Objective: U: Build and preserve affordable housing, particularly for low-income families.
Justice/Safety Initiative (Goal 1): N/A
Infrastructure Initiative (Goal 2): N/A
Economy Initiative (Goal 3): N/A
Health Initiative (Goal 4): N/A
Climate/Resilience Initiative (Goal 5): N/A
Housing Initiative (Goal 6): N/A
Additional notes related to the Strategic Plan:
Prior Court Action (if any):
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Date |
Agenda Item # |
Action Taken |
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8/26/25 |
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Request for approval of an order, prepared by the County Attorney approving the assignment, from the Harris County Housing Finance Corporation to the Texas Department of Housing and Community Affairs (TDHCA), of a $62,000,000 reservation for the issuance of qualified single-family mortgage revenue bonds, pursuant to Chapter 394.032(e) of the Texas Local Government Code, and Chapter 1372.044 of the Texas Government Code. |
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8/6/24 |
157 |
Approval of an Order, prepared by the County Attorney approving the assignment, from the Harris County Housing Finance Corporation (HCHFC) to the Texas Department of Housing and Community Affairs (TDHCA), of a $64,819,515 reservation for the issuance of qualified single-family mortgage revenue bonds, pursuant to Chapter 394.032(e) of the Texas Local Government Code, and Chapter 1372.044 of the Texas Government Code. |
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8/8/23 |
155 |
Approval of an Order, prepared by the County Attorney approving the assignment, from the Harris County Housing Finance Corporation (HCHFC) to the Texas Department of Housing and Community Affairs (TDHCA), of a $55,217,249 reservation for the issuance of qualified single-family mortgage revenue bonds, pursuant to Chapter 394.032(e) of the Texas Local Government Code, and Chapter 1372.044 of the Texas Government Code. |
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9/27/2022 |
172 |
Approval of an Order, prepared by the County Attorney approving the assignment, from the Harris County Housing Finance Corporation (HCHFC) to the Texas Department of Housing and Community Affairs (TDHCA), of a $55,217,249 reservation for the issuance of qualified single-family mortgage revenue bonds, pursuant to Chapter 394.032(e) of the Texas Local Government Code, and Chapter 1372.044 of the Texas Government Code. |
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7/28/2020 |
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Approval of an Order, prepared by the County Attorney approving the assignment, from the Harris County Housing Finance Corporation (HCHFC) to the Texas Department of Housing and Community Affairs (TDHCA), of a $51,000,000 reservation for the issuance of qualified single-family mortgage revenue bonds, pursuant to Chapter 394.032(e) of the Texas Local Government Code, and Chapter 1372.044 of the Texas Government Code. |
Location:
Address (if applicable): N/A
Precinct(s): Countywide
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Anticipated Court Date: 9/17/2026
Anticipated Implementation Date (if different from Court date): Click or tap to enter a date.
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Rene Martinez, Executive Director, Harris County Housing Finance Corporation
Attachments (if applicable): See attached