Tarrant County Housing Finance Corp

The Tarrant County Housing Finance Corporation (TCHFC) serves as a vital resource for affordable housing initiatives within Tarrant County, Texas. Established as a public, non-profit entity, the TCHFC operates independently from the county government, though its mission aligns with the county's broader goals of community development and economic opportunity.

The primary objective of the TCHFC is to facilitate the development and preservation of affordable housing options for low-to-moderate income individuals and families. It achieves this through a variety of financial tools and programs, including the issuance of tax-exempt bonds. These bonds provide developers with access to lower-cost financing, making affordable housing projects more financially viable. The savings realized through tax-exempt financing are then passed on to residents in the form of lower rents or mortgage payments.

Beyond bond financing, the TCHFC often partners with other organizations, such as non-profit developers and community housing development organizations (CHDOs), to maximize its impact. These partnerships allow the TCHFC to leverage its resources and expertise, ensuring that affordable housing projects are well-designed, well-managed, and responsive to the needs of the community. They may also provide technical assistance and capacity building support to smaller organizations seeking to enter the affordable housing market.

The scope of the TCHFC's activities extends to various types of affordable housing. This includes rental apartments, single-family homes, and even senior living communities. The corporation recognizes that affordable housing needs vary across different demographics and strives to provide a range of options to meet those needs. Furthermore, the TCHFC often prioritizes projects that incorporate features such as energy efficiency, accessibility for individuals with disabilities, and proximity to public transportation, schools, and employment centers. These considerations contribute to the long-term sustainability and quality of life for residents.

Transparency and accountability are crucial to the TCHFC's operations. The corporation adheres to strict financial reporting standards and operates under the oversight of a board of directors comprised of community leaders and housing experts. This ensures that the TCHFC's resources are used effectively and efficiently to achieve its mission. The TCHFC plays a significant role in addressing the growing need for affordable housing in Tarrant County, contributing to a stronger, more equitable community for all residents.