Houston Housing Finance Corporation
9545 Katy Freeway, Ste. 105
Houston, TX 77024
Contact: Jeffery Smith
Phone: (713) 461-2749 Fax: (713) 461-2749
Email: Hhfc@swbell.net
Updated as of: 7/22/2009
LEGAL AUTHORITY FOR CREATION AND OPERATION(State)
City of Houston Resolution No. 79-61, dated December 5, 1979, pursuant to the Texas Housing Finance Corporations Act., now contained in Chapter 394, Texas Local Government Code; Articles of Incorporation filed December 6, 1979, with the Texas Secretary of State; Articles of Amendment to Articles of Incorporation filed January 8, 1980, with the Texas Secretary of State; Articles of Amendment to the Articles of Incorporation, filed October 20, 1993, with the Texas Secretary of State
GENERAL POWER AND DUTIES
The Corporation is organized solely to carry out the purposes of the Texas Housing Finance Corporations Act and shall have and possess all powers enumerated in such Act, including the powers to issue bonds, notes and other obligations, to borrow money and to enter into contracts to promote residential development.
MEETING TIME AND LOCATION
Meeting time and location to be determined by membership.
COMPOSITION
Twelve members
-11 positions for City of Houston residents. The 11 members are appointed by resolution of City Council, upon recommendation by the Mayor.
-One position for Director of the City's Housing and Community Development Department. Directors may be members of the governing body, and officers or employees of the local government.
Mayor selects President of the Board
TERM: Not to exceed three years or until his or her successor is appointed by the City Council, subject to removal with or without cause. Terms are staggered and all expire on December 5 of the third year.
FINANCIAL ACCOUNTABILITY
Entity is included in the financial reporting for the City of Houston. Required to take an Ethics Course.
MEMBER LIST