Houston Housing Finance

Name

Houston Housing Finance

Legal name

Houston Housing Finance Corporation

Website

https://houstonhfc.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Mortgage Revenue Bond (MRB) & Public Housing Bond Programs (FSALAKAG)

Keywords

• Affordable housing financing
• Multifamily bond issuance
• Direct lending
• Homebuyer assistance
• Nonprofit housing finance

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Bond Issuance Services: HHFC serves as an active issuer of multifamily private activity bonds for affordable housing, generating revenue through bond issuance fees and serving as a financing vehicle for developers.
2. Direct Lending: HHFC operates as a direct lender, providing financing for affordable housing developments including single-family subdivision developments.
3. Application Fees: HHFC charges application fees for multifamily bond applications: $4,500 Houston Housing Finance Corporation, plus additional fees to Texas Bond Review Board ($5,000) and Bracewell LLP ($5,000).

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Houston Housing Finance Corporation serves as an active issuer of multifamily private activity bonds for affordable housing and as a direct lender financing affordable single-family subdivision developments. The organization partners with the Texas Department of Housing and Community Affairs (TDHCA) to connect eligible homebuyers across Texas with statewide mortgage programs offering competitive fixed-rate financing plus down payment and closing cost assistance.

Product overview

Houston Housing Finance Corporation (HHFC) is a Texas non-profit 501(c)(3) housing finance organization established in 1979 that provides affordable housing through multiple interconnected programs. The core offerings include multifamily private activity bond issuance, direct lending, and single-family subdivision development financing. HHFC partners with the Texas Department of Housing and Community Affairs (TDHCA) to offer homebuyer programs including My First Texas Home, My Choice Texas Home, and Mortgage Credit Certificates. The organization also provides a structured Multi-Family Bond Application Submission process for developers seeking financing. HHFC maintains a portfolio of approximately 7,500 housing units valued at over $1.4 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Family Bond Issuance HHFC issues multifamily private activity bonds to finance affordable housing developments, serving as an active bond issuer in partnership with developers and commercial banks.
• Direct Lending HHFC operates as a direct lender providing financing for affordable housing projects in Houston.
• Single-Family Subdivision Development Financing HHFC finances affordable single-family subdivision developments to expand housing options in Houston communities.
• My First Texas Home TDHCA mortgage program for first-time homebuyers and qualified veterans offering 30-year fixed-rate mortgages with up to 5% down payment and closing cost assistance.
• My Choice Texas Home TDHCA mortgage program for first-time buyers, repeat buyers, and veterans with higher income limits than My First Texas Home.
• Mortgage Credit Certificate (MCC) Federal tax credit program allowing eligible buyers to claim a portion of mortgage interest as a tax credit to improve overall affordability.
• Multi-Family Bond Application Submission A 4-step process for developers to submit multifamily bond applications to HHFC, Texas Bond Review Board, and Bracewell LLP with required documentation and fees.

Quantifiable outcome

• $1.4 billion+ invested in Houston communities
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• City of HoustoncoreStrategic or Co-development Partner · 1 January 1979HHFC was established in 1979 by the City of Houston as a Texas non-profit 501(c)(3) corporation. The organization is governed by a 12-member Board of Directors appointed by the City of Houston Mayor and supports City of Houston economic development initiatives.
• Texas Department of Housing and Community Affairs (TDHCA)coreStrategic or Co-development PartnerHHFC partners with TDHCA to connect eligible homebuyers across Texas with statewide mortgage options including My First Texas Home, My Choice Texas Home, and Mortgage Credit Certificate programs. These programs offer competitive fixed-rate financing plus down payment and closing cost assistance.
• CBREminorStrategic or Co-development PartnerRyan Mendez, President of HHFC Board, serves as Senior Vice President at CBRE where he specializes in the disposition of multifamily properties in Texas.
• Bracewell LLPcoreImplementation/ SI/ Consulting PartnerBracewell LLP serves as issuer counsel for HHFC multifamily bond applications. Application fee of $5,000 payable to Bracewell LLP at 111 Congress Avenue, Suite 2300, Austin TX 78701-4061 (Attention: Elizabeth Bowes).
• Houston Community Development DepartmentcoreStrategic or Co-development PartnerHouston Community Development Department is a city agency partner for HHFC multifamily bond applications. Contacts Juanita Moore and Ryan Bibbs are involved in the application process.
• Habitat for Humanity HoustonminorStrategic or Co-development PartnerHHFC participates in community activities with Habitat for Humanity Houston, including luncheons and community outreach events.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Fannie Mae: Government-sponsored enterprise that purchases multifamily mortgage-backed securities, including those backed by tax-exempt private activity bonds HHFC issues. Fannie Mae operates across the entire U.S. affordable and conventional multifamily market and is a downstream counterparty rather than a direct competitor.
• Texas Department of Housing and Community Affairs: The state housing finance agency that administers the My First Texas Home, My Choice Texas Home, and Mortgage Credit Certificate programs distributed through HHFC. TDHCA operates at state scale while HHFC operates at municipal scale, but both occupy the affordable housing finance ecosystem with overlapping programs and developer relationships.
• Freddie Mac: Government-sponsored enterprise with a multifamily division that targets affordable housing financing similar to HHFC's bond issuance mandate, but at national scale via the CMEF and targeted affordable housing programs. Provides competitive overlap in the same affordable multifamily space.
• JPMorgan Chase Multifamily Lending: Major commercial bank with a multifamily lending platform that finances affordable housing developments in Houston and nationally. Competes indirectly with HHFC's direct lending arm and provides balance-sheet capital where HHFC provides conduit/agency execution.

Emerging players

• Avenue CDC: Houston-based community development financial institution (CDFI) focused on affordable housing and community development in the same geography as HHFC. Smaller and more mission-driven, but overlapping developer relationships in the Houston affordable housing market.

Others

• Enterprise Community Partners: National LIHTC syndicator and affordable housing investor that often co-invests alongside municipal housing finance issuers like HHFC. Operates as an ecosystem participant rather than a direct competitor, but shares the same developer client base and investment thesis.
• National Council of State Housing Agencies: Industry association representing state housing finance agencies and instrumental in advocating for federal housing finance policy (bond caps, LIHTC, MCC) on which HHFC's programs depend. Sets the policy backdrop against which HHFC operates.

Regional players

• Houston Land Bank: Houston-focused land bank authority that acquires and disposes of tax-delinquent properties for affordable housing development. Operates in the same Houston market as HHFC and complements HHFC's financing role by supplying land to developers HHFC finances.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/116996898362164

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Houston Housing Finance