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Bill

SB 867

Relating to housing finance corporations; authorizing a fee.

89th Legislature (2025) Introduced by Carol Alvarado and 7 co-sponsors

Texas bill authorizes housing finance corporations to charge fees for services, potentially increasing costs for borrowers and developers using these entities' lending and financing products.

Placed on intent calendar
#audits&auditors(s4334) #citygovernment--landuse&zoning(i0064) #countygovernment--landuse&zoning(i0098) #housing&communityaffairs #texasdepartmentof(v0008) #housing--finance(i0407) #housing--general(i0405) #propertyinterests--landlord&tenant(i0610) #taxation--property-exemptions(i0793)
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Bill Summary · SB 867

Legislative bill overview

SB 867 authorizes housing finance corporations in Texas to charge and collect fees for their services and operations. The bill modifies existing statutes governing how these entities can fund their activities, potentially allowing them to generate revenue beyond traditional sources.

Why is this important

Housing finance corporations play a role in facilitating affordable housing and mortgage lending in Texas. The ability to charge fees could affect the cost of housing finance services, potentially impacting borrowers and developers who use these corporations' services or products.

Potential points of contention

  • Fee structure and transparency: The bill authorizes fees but lacks detailed specificity about fee caps, disclosure requirements, or oversight mechanisms, raising questions about how high fees could go and whether consumers will understand costs upfront
  • Impact on affordability: Adding fees to housing finance services could increase costs for low-to-moderate income borrowers seeking affordable housing, potentially counteracting the public purpose these corporations typically serve
  • Competitive fairness: Fee authorization may give government-backed housing finance corporations advantages over private lenders, or conversely, could allow them to better compete depending on how fees are structured and regulated

Compiled from official sources — confirm details with the bill’s official record.

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