In Texas, a Public Facility Corporation (PFC) is a nonprofit entity that facilitates the development of mixed-income housing. PFCs have the authority to construct, acquire, and rehabilitate multifamily residential properties. They are governed by of the Texas Local Government Code, which grants them broad powers to finance and provide public facilities. Recent legislative changes have introduced more rigorous requirements for multifamily housing developments, including new reporting requirements and tenant protections. The Texas Department of Housing and Community Affairs oversees compliance monitoring for PFC developments.
In April 2023, the 91´ô¸ç Board of Trustees approved the formation of the 91´ô¸ç Public Facility Corporation.