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1. Why does the North Central Texas Housing Finance Corporation (NCTHFC) exist?

The North Central Texas Housing Finance Corporation was incorporated in 1981 as a nonprofit corporation and a public instrumentality of the Counties of Ellis, Hunt, Kaufman, Navarro and Rockwall Counties, and consisting the Cities of Cedar Hill, DeSoto, Duncanville, Lancaster and Waxahachie organized and existing under the Texas Housing Finance Corporations Act, Chapter 394, Local Government Code, for the public purpose of providing financing for the cost of residential ownership and development within the Counties that will provide decent, safe, and sanitary housing for persons of low and moderate income at prices they can afford. The Act authorizes the Corporation to issue its revenue obligations to accomplish such public purpose.