As a deal to cut Texas’ high property taxes continues to evade Republican lawmakers, Democrats in the Legislature unveiled a long-shot tax-cut proposal Thursday that targets relief to a group
The nonprofits offer homes at low rates, but in exchange buyers have to give up some of the equity they would typically build up with a standard mortgage. That allows the trusts to offer homes to more people.
The push to promote resident ownership comes as parks have become a favorite target of investment banks, hedge funds and other deep-pocketed investors.