Travis County
Public Facility Corporations (PFC) Application to
Approve Multifamily Developments
As a result of House Bill 2071 (H.B. 2071), which was added by Acts 2023, 88th Legislature, effective June 18, 2023, Public Facility Corporations must, among other requirements, request approval from a municipality or county government prior to the authorization of tax exemption for any project. More specifically, Chapter 303 of the Local Government Code Section 303.0421(b)(4) states, "if a majority of the members of the board are not elected officials, the development is approved by the governing body of the municipality in which the development is located or, if the development is not located in a municipality, the county in which the development is located."
Developers or project sponsors may submit this application to request HHS staff place a request for PFC project approval via resolution before the Travis County Commissioners Court.
APPLICATION REQUIREMENTS
- Applications must be submitted at least 30 days prior to the desired court date. Court agenda placement may only be approved by the HHS County Executive or his or her designee. All information requested herein must be included in the application. If it is not included, HHS staff will request a new submission, and the 30-day timeframe will start over (unless minor revisions or submissions are initiated by County staff).
- All attachments noted in the file upload section must be provided. Emailed documents will not be accepted, unless requested by county staff.
- The TDHCA Audit Workbook (excluding sections 3 & 9) are now required for County review.
- Developers must provide a certification on company letterhead that states the developer agrees to start construction within 1 1/2 years of court approval of the resolution; the developers must certify all amenities onsite will be shared, if there is more than one project onsite.
PFC REQUIREMENTS
Income Restrictions per Section 303.0421(b)(2)(A)(B)
- 50% of units are required to be at or below 80% AMI
- 40% of the units at 80% AMI
- 10% of units at 60% AMI
Rent Restrictions per Section 303.0425(c)(1)(2)
- 30% of 60%AMI
- 30% of 80%AMI
Adjustments for Family Size per Section 303.0425(d)
Required per HUD Standards
Proportionality per Section 303.0425(b)
Restricted units must be distributed amongst bedroom types. Equitable distribution of affordable units, across unit types/bedroom sizes.
Housing Choice Vouchers per Section 303.0425(e)(f)
No-source of income discrimination
PFC Compliance and Publishing of Tenant Opportunity per Section 303.0425(g)
Affirmative Marketing & Notice per Section 303.0425(h)
Lease Requirement per Section 303.0425(i)(j)
Certain tenant protections per statute
LURA per Section 303.0425(k)
Required to document affordability for at least10 years, per the Chapter 303 of the Local Government Code. County review and approval of the draft LURA, which shall outline affordability requirements, is required before the County will execute a resolution approving the PFC development project.
PFC SPONSOR REQUIREMENTS
Travis County will only accept applications from Public Facilities Corporations (PFCs) that are within the local government jurisdiction which formed it. The PFC sponsor, owner or partner shall be within the jurisdiction that formed the PFC.
The PFC sponsor will provide a copy of the PFC executed resolution, and a draft of the LURA.
Comply with auditing requirements as specified in Section 303.0426
Comply with Section 303.0427 - Study of Tax Exemptions for Multifamily Residential Developments Owned by PFCs