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 Fort Worth Housing Finance Corp. looks for new revenue for affordable housing

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 Fort Worth Housing Finance Corp. looks for new revenue for affordable housing

by Scott Nishimura, Fort Worth Report
May 16, 2026

The Fort Worth Housing Finance Corp. continues to look for new ways to generate revenue.

Kacey Thomas, Fort Worth’s neighborhood services director, addressed concerns about the entity’s balance sheet at its April 28 meeting.

“While we’ve been able to invest in a number of housing developments over the past few years, part of the conundrum with that is that our fund balance has dipped down,” Thomas said, referring to the difference between revenue and expenditures.

The Housing Finance Corp. — created in 1979 to help the city acquire land and develop, finance and build safe affordable housing — conducted a benchmark study comparing it to other Texas cities and identified potential sources of additional revenue.

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The city of Arlington was the smallest peer considered. The cities of Houston and Dallas are the only two cities that don’t have city staff involved in management of their corporations.

The study found that Houston’s housing finance corporation had the largest revenue stream, with $6.2 million. Dallas followed at $4.2 million and Austin at $3.8 million. The city of Fort Worth had $2.3 million in revenue.

Houston and Dallas both issue bonds to generate revenue. While Fort Worth does not issue bonds, it shares other characteristics with the two cities, including making money from interest on loans and investments.

“And then for the Fort Worth Housing Finance Corp., our biggest drive really has been project cash flow,” Thomas said.

The Housing Finance Corp. participated in several partnerships that have forgivable loans or loans that don’t carry interest. Such arrangements helped make projects viable, but they mean no revenue comes back.

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The corporation recently shifted practices, Thomas said.

“We have had a few loans that we are charging interest and they are not forgivable,” Thomas said. “This does represent a consistent cash flow back to the HFC.” An example she provided was a $1.75 million loan at 4% would equate to roughly $70,000 per year in revenue.

For the Housing Finance Corp., another potential revenue stream is selling lots it owns. The organization owns 140 lots, with seven obligated for sale to a community land trust.

Between those obligated lots and potential sale of another lot to a healthcare provider, the Housing Finance Corp. will receive nearly $1 million in revenue, Thomas said. They would use this revenue to reinvest in other lots that it could sell later.

Other potential revenue streams would be via partnerships, fees and assignment of tax rebates instead of property owners. The intention this summer is to iron out details on lending money for development and partnerships, Thomas said.

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Patrick Banis is a member of the Fort Worth Report’s Documenterscrew. If you believe anything in this account is inaccurate, please email us at news@fortworthreport.orgwith “Correction Request” in the subject line.

This <a target=”_blank” href=”https://fortworthreport.org/2026/05/16/fort-worth-housing-finance-corp-looks-for-new-revenue-for-affordable-housing/”>article</a> first appeared on <a target=”_blank” href=”https://fortworthreport.org”>Fort Worth Report</a> and is republished here under a <a target=”_blank” href=”https://creativecommons.org/licenses/by-nd/4.0/”>Creative Commons Attribution-NoDerivatives 4.0 International License</a>.<img src=”https://i0.wp.com/fortworthreport.org/wp-content/uploads/2021/04/cropped-favicon.png?resize=150%2C150&amp;ssl=1″ style=”width:1em;height:1em;margin-left:10px;”>

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Finance

Crime Stoppers of Michigan could shut down while in dire financial straits

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Crime Stoppers of Michigan could shut down while in dire financial straits

Crime Stoppers of Michigan is in jeopardy. The anonymous crime tipline, responsible for helping solve countless cases, needs a financial fix and fast.

Big picture view:

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FOX 2 got a pretty frantic call from Detroit police brass Thursday morning to explain what was going on with Crime Stoppers, and essentially they told us the nonprofit is in dire financial straits.

Since then, we have learned that if Crime Stoppers of Michigan doesn’t raise upwards of $250,000 by July 1, they’re going to cut almost all of their services, specifically, 90% of their services.

The only thing that would remain is the anonymous tip line you know it: 1-800-SPEAK-UP.

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By the numbers:

They generate 5,000 anonymous tips a year, but a bulk of their work is elsewhere. This cut would mean no additional services for victims of crimes.

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No press conferences. No posters. No community events.

“Sometimes I think people see the press conferences, the posters or the social media, and they forget there’s a mother, there’s a father, there’s a child. They have no clue what’s going on, and they’re seeking help from us, saying, ‘Please help us, please do something,’” said Dan DiBardino, President & CEO of Crime Stoppers.

A huge chunk of those 5,000 tips goes to Detroit police. They could be seriously affected by this if Crime Stoppers folds.

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Finance

Political committee backing Ken Welch misses campaign finance reporting deadline

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Political committee backing Ken Welch misses campaign finance reporting deadline

The political committee backing St. Petersburg Mayor Ken Welch’s reelection campaign missed the latest campaign finance reporting deadline, adding another wrinkle to a fundraising operation that has already faced scrutiny this cycle.

St. Petersburg Progress, the political committee supporting Welch, missed its latest finance report deadline due to a family emergency, PC Chair Adrienne Bogen told Florida Politics.

“Due to a family medical emergency we will be filing a day late,” Bogen said.

The missed deadline comes as Welch works to build support for a second term in a race that includes former Gov. Charlie Crist — the fundraising leader with $1.6 million raised for the race — City Council Member Brandi Gabbard, former St. Petersburg Fire Chief Jim Large, Maria Scruggs, Kevin Batdorf and Paul Congemi.

The late report follows previous campaign finance issues tied to political committees supporting Welch. Florida Politics previously reported that Welch launched St. Petersburg Progress in January after his previous committee, The Pelican Political Action Committee, became mired in allegations that a former treasurer stole more than $200,000.

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That took place after Welch’s first committee, Pelican PAC, had its registration revoked by the state in late 2024 after warnings and fines tied to missed, late or improper filings.

Welch trails Crist’s political operation in fundraising, and tension between the two candidates was palpable during the first St. Petersburg mayoral debate this week. 

In the first quarter, Welch raised just under $220,000 between his campaign account and St. Petersburg Progress — though $85,000 of that came from a transfer connected to a prior committee. Without the transfer, Welch raised about $135,000 in new money during the quarter.

Crist’s affiliated political committee, St. Pete Shines, raised nearly $500,000 in the first quarter and entered April with about $1.1 million on hand. The committee recently announced it had reached $1.6 million.

The election is August 18. If no candidate receives more than 50% of the vote, a likelihood given the number of candidates running, the top two finishers will advance to a November runoff.

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Finance

Bezant secures $7m financing package for Namibian copper project

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Bezant secures m financing package for Namibian copper project
Bezant secures $7m financing package for Namibian copper project Proactive uses images sourced from Shutterstock

Bezant Resources PLC (AIM:BZT) has secured a $7 million financing package and a long-term offtake agreement for its Hope and Gorob copper project in Namibia, providing funding as the mine moves towards first production later this year.

The AIM-listed miner said it had completed definitive agreements with Hartree Metals, a subsidiary of commodities trading group Hartree Partners, covering both project finance and the sale of future copper concentrate output.

Under the deal, Hartree will provide a secured and convertible prepayment facility of up to $7 million in five tranches to support mine construction and commissioning activities. The facility carries a four-year term, including a 12-month repayment grace period, with interest charged at the secured overnight financing rate plus 4.5%.

Hartree has also agreed to purchase 100% of copper concentrate produced from the project for the life of the operation under an offtake agreement on market terms.

Production is expected to begin in the third quarter of 2026, with concentrate shipped through Namibia’s Walvis Bay port as operations ramp up.

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The financing gives Hartree the option to convert some or all of the facility into Bezant shares at 0.16p each, a 28% premium to the company’s closing share price on Tuesday. Warrants could also be received, as well as the right to appoint a director if its holding rises above 10%.

Separately, Bezant agreed to extend repayment of a £700,000 convertible loan facility with existing shareholder Sanderson Capital until September 2027, easing near-term funding pressure as the company develops the Namibian asset.

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