Is this controversial program a leech on public finances or a needed incentive for cheaper housing?


All across Texas, apartment complexes are disappearing from the tax rolls. Others that haven't been built yet won't pay property taxes during your lifetime. In some cases, cities and counties are blindsided by the moves. Welcome to the world of public facility corporations, or PFCs, where millions of dollars are being made and feathers are being ruffled. In this story, ABJ breaks down how the process works and spotlight an Austin group that's found itself at the heart of a statewide debate.

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