About Us

The Board of Directors is comprised of five volunteer residents of Rowlett appointed by the Rowlett City Council.  They offer strategic guidance and vision for the HFC that is then carried out and managed by the Executive Director of the Corporation.  The programs offered by the Corporation are designed to increase affordable housing opportunities while strengthening Rowlett’s economic base.

President: Barbara Holst           Vice President: Dr. Bruce Hargrave                 Secretary: Riki Harper              Director: Dan Pence                      Director: Karl Crawley

Executive Director, Rick Sheffield

Proud member of:

  • Benefits of a Housing Finance Corporation:
    • For the Developer:
      • HFC owns the land, providing a tax benefit to the developer
      • HFC also exempts sales tax for hard construction costs
  • For the HFC:
    • Receives payment for benefits provided to the developer
    • Maintains fee simple title to the land; City’s long-term control feature over the development
  • For the Community:
    • Benefits from programs for citizens to encourage home ownership
      • Down Payment Assistance
      • Mortgage Credit
      • Community Re-development Projects