CashNews.co An opening for Texas multifamily syndicators has shrunk after Freddie Mac paused a favored financing instrument. Freddie has halted quoting new deals involving traveling Housing Finance Corporations, a funding loophole that allows developers to avoid property taxes and mitigate financial risk, the Promote reported. Texas HFCs were designed to encourage affordable housing across multiple […]
CashNews.co Texas’ multifamily syndicators are exploiting a loophole in one of the state’s housing programs as a way to salvage underperforming real estate projects. With rising interest rates, flat rent growth, and sky-high property taxes making many projects unviable, housing finance corporations have become an essential tool for developers trying to turn a profit on […]