How a big Texas tax break created not-so-affordable housing
“As Texas’s 2015 legislative session drew to a close, Republican Sen. Craig Estes of Wichita Falls proposed grafting a last-minute amendment onto a densely worded bill updating finance statutes. Responding to the single question he received, Estes assured lawmakers the property tax breaks his short addition appeared to grant to affordable housing projects would benefit only nonprofit organizations, not private developers. The discussion and approval took less than four minutes.”