Texas Public Facilities Corporation (PFC) Communities Texas PFCs & Housing Finance Corporations (HFCs)
What Is a PFC Regulatory Agreement?
A PFC Regulatory Agreement is a legally binding framework that governs affordability, income eligibility, and occupancy standards for PFC-supported communities. This agreement allows Auxano-managed properties to offer reduced rental rates while complying with Texas law and local regulatory requirements. Auxano provides regulatory compliance services for Texas PFCs and HFCs, supporting owners in meeting statutory requirements, preserving affordability and tax benefits, and reducing regulatory risk.
PFC & HFC Compliance
Pre–HB 2071 (Grandfathered PFCs)
For PFCs established prior to House Bill (HB) 2071, Auxano supports ongoing compliance with the regulatory agreements and statutory requirements in effect at formation, while aligning operations with current oversight standards. Compliance support includes review and interpretation of governing Regulatory Agreements; income and occupancy compliance monitoring; affordability and rent set-aside administration; resident certification and recordkeeping oversight; and identification of compliance gaps with corrective guidance.
Post–HB 2071
Requirements
HB 2071 significantly expanded oversight, reporting, and affordability standards for Texas PFCs. Auxano provides comprehensive post–HB 2071 compliance support aligned with statutory requirements and municipal expectations. Post–HB 2071 compliance services include statutory requirement interpretation and implementation; income eligibility and affordability compliance monitoring; occupancy, rent restriction, and unit-mix compliance; reporting, disclosure, and documentation management; and ongoing compliance reviews.
HB 21
Requirements
Auxano also supports properties operating under HFCs subject to HB 21, which introduced strengthened accountability, transparency, and affordability requirements.
HB 21 compliance services include affordability and rent compliance administration; income eligibility monitoring and documentation; review of governing agreements and policies; reporting and recordkeeping compliance; and risk identification with corrective action support.
While having experience with multi-family, medical office, commercial office, and faith-based development, Auxano “to Increase or Grow” driven to help ones who are working hard to help themselves. Auxano Development is dedicated to close the gap in this country’s systemic housing crisis. The Harvard Joint Commission on Housing Studies notes that 45% of America is struggling with being “Overburdened” with housing cost. Housing and Urban Development (HUD) defines “Housing Overburdened” as any individual or household that is paying more than 30% of their individual or household income on housing cost. Thus an individual or household are making critical decisions on basic life needs. Do they pay for the cost of housing or do they pay for medical prescriptions, doctors visits, childcare, nutrition, or transportation. These are basic needs that are being put in the balance for quality of life and dignity of life.
Strategic Relationships
Auxano has the strategic relationships to undertake developments across the U.S.
Global Approach
Our global approach gives us a unique perspective in developing strong communities.
