For your information, in case you have not read it here, is that the HFC is a non-profit organization that can sell tax free bonds, and tax credits. The funds generated by these sales are applied to construction costs for apartments, or to down payments or interest costs on mortgages for home buyers. This dramatically reduces costs for tenants and home buyers.
Why do we need this? Because our basic good citizens that work for a living can not afford to buy an average house or live in good apartments. An apartment project now coming out of the ground on Scenic Drive has a monthly rent rate of $1750 per month for the lowest cost 2 bedroom apartment. Try to do that on $50,000 a year salary. Food, cooling, heating, and car payments are overrated, anyway.
So.......now its time to see what certain members of "officialdom" do with the information. Certainly, Council needs to ask questions. That's fine. I want to learn, too.
However, I think there is at least one in "officialdom" who apparently thinks all is known. Therefore, there is no need for experts from Austin (who have done HFC work for 35 years), and attorneys from Chicago that have done this work for 25 years.
How do I know that? Because our certain member of "officialdom" called an HFC meeting whereby every expert that I found was excluded from the meeting.....even after they volunteered to come to Rowlett at no cost to the city. He filled the meeting with his own (cronies?). It was a meeting to inform City Council, therefore it is reasonable to assume that our member of "officialdom" and his (cronies?) already knew everything.
Two or three Council members got wind of this idiot maneuver and threw a fit. Even after some chastisement, the next attendee list was still not correct. I will be watching this south end of a north bound horse very closely Tuesday evening. If this blockhead doesn't learn anything by Tuesday evening, I will take him to school right here in this blog. You will see everything that was written with notes provided.
This is too important to screw up with a nitwit.