Are you a developer or project sponsor seeking tax exemption for an affordable housing development in Travis County? The Travis County Facilities Corporation (TCFC) is now accepting applications for PFC project approval, as required by recent state legislation. Our team will review your application and work with you to ensure all requirements are met, including income and rent restrictions, along with fair housing policies. Submit your PFC application today and take the first step toward increasing access to quality affordable housing in Travis County.
Below are the standard terms set by the TCFC Board of Directors that developers must agree to in order to be eligible for a partnership with TCFC, regardless of whether the property deal is Workforce or 4% LIHTC.
To initiate the approval process, first complete the Acknowledgement of Standard Terms with TCFC. Then, submit the County's PFC Application at least 30 days prior to your desired Travis County Commissioners Court date. Our team will review your submission and work with you to ensure all requirements are met. You'll also need to fill out our term sheet template below, for approval by the board.
To initiate the approval process, first complete the Acknowledgement of Standard Terms with TCFC. Then, submit Request for a Resolution of No Objection (“RONO”) with Travis County. Our team will review your submission and work with you to ensure all requirements are met. You'll also need to fill out our term sheet template below, for approval by the board.
In addition to the steps outlined above, you'll need to prepare a term sheet for your project for approval by TCFC's board, using the template below. This outlines our standard terms in greater detail, and will also contain relevant documents outlining the project, its details, location, amenities, and more.