Texas Public Facilities Corporation (PFC)
& Housing Finance Corporation (HFC) Compliance
Audits for Property Owners
Texas Public Facilities Corporation (PFC) & Housing Finance Corporation (HFC) Compliance Audits for Property Owners
Auxano Auditing provides independent, Texas-specific compliance audits for PFC and HFC properties. Our audits help owners protect asset value, preserve affordability and tax benefits, and reduce regulatory risk across both legacy and post-legislative frameworks.
Our Audit Services
PFC Audits – Pre–HB 2071 (Grandfathered PFCs)
For PFC properties established prior to HB 2071, Auxano Auditing conducts audits aligned with the governing regulatory agreements in place at formation. Our approach respects legacy structures while ensuring continued defensibility under current oversight expectations.
Audit scope includes regulatory agreement review, income and occupancy compliance testing, affordability and rent set-aside verification, certification and documentation review, and risk identification with corrective guidance.
Public Facilities Corporation (PFC) Audits – Post–HB 2071 Compliance
HB 2071 introduced enhanced affordability, oversight, and reporting requirements for Texas PFCs. Auxano Auditing delivers comprehensive post–HB 2071 audits structured to meet statutory standards while remaining practical for property operations.
Audit scope includes statutory compliance testing, resident income and eligibility review, rent restriction and unit-mix verification, occupancy and certification testing, and reporting and disclosure assessment.
HFC Audits
HB 21 Compliance
Auxano Auditing also provides audits for properties operating under HFCs subject to HB 21. These audits address the distinct statutory framework and accountability standards governing HFC-supported developments.
Audit scope includes affordability and rent compliance testing, income qualification review, governing document and policy assessment, reporting and recordkeeping verification, and risk mitigation recommendations.
Owners rely on Auxano Auditing for deep expertise in Texas PFC and HFC statutes, clear differentiation between legacy and post-legislative requirements, consistent and defensible audit methodology, actionable findings with practical remediation paths, and credibility with public-sector and private stakeholders.
Auxano Auditing approaches audits as part of an owner’s broader risk-management strategy. Our goal is to help clients identify issues early, avoid enforcement actions, and preserve the public-private structures that support affordability and asset stability.
To discuss audit requirements for your PFC or HFC property – or to schedule an engagement – contact Auxano Auditing.
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.
