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Property tax forgiveness awarded to developers
Greg Groogan sits down with Investigative Consultant Wayne Dolcefino to discuss the billions of property tax forgiveness awarded to developers in exchange for a portion of units to be set aside for low-income Houstonians.
Houston - The looting of your tax dollars....past and present...is still underway.
I'm talking about the billions in property tax forgiveness awarded to developers in exchange for setting aside a portion of the units they construct for low-income Houstonians.
There's just one inescapable problem with these so-called "public facility corporations" - many of the unscrupulous developers aren't keeping their end of the bargain-in what legendary Houston investigator Wayne Dolcefino calls a rip-off that will keep on taking for the better part of a century.
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Public housing deals
The panel discusses Mayor Turner's recent action to stop affordable housing tax breaks.
We discuss what critics describe as a multi-billion dollar "boondoggle that's delivered far less affordable housing than pledged.
While these PFC deals certainly look and feel like fraud - they apparently slipped through a legal loophole, only the legislature can close.