About | Houston Housing Finance Corporation

About HHFC

Houston Housing Finance Corporation (HHFC) is a Texas non-profit 501(c)(3) corporation established in 1979 by the City of Houston. Its mission is to provide decent, safe, and sanitary housing at affordable rates for Houston residents.

HHFC is governed by a 12-member Board of Directors appointed by the City of Houston Mayor. The Board operates through four standing committees: Finance, Special Projects, Governance, and Bond. Regular meetings are held monthly, with special meetings convened as needed.

As an active issuer of multifamily private activity bonds for affordable housing, HHFC also serves as a direct lender. The organization finances affordable single-family subdivision developments and supports City of Houston economic development initiatives. HHFC collaborates with city and county agencies, developers, and commercial banks to raise the capital necessary for successful projects.

HHFC proudly maintains a portfolio of approximately 7,500 housing units, translating into more than $1.4 billion invested in strengthening our communities.

HHFC’s mission is to provide quality places for people to call home. We achieve this by upholding high standards of operational excellence and fostering collaboration between the public and private sectors. Through our expertise and experience, we support the development and revitalization of affordable housing in the neighborhoods that need it most. HHFC believes that every Houstonian deserves access to affordable housing—because strong communities begin with stable, quality homes.

Our Mission Statement

HHFC Board of Directors

Ryan Mendez

PRESIDENT
Ryan Mendez currently serves as President of the HHFC Board. He has lived in Houston for more than forty years and currently serves as the Senior Vice President for CBRE, where he specializes in the disposition of multifamily properties in Texas.
John A. Gonzales

VICE PRESIDENT & TREASURER
John Gonzales serves as Vice President & Treasurer. Johns’ community affiliations include MUD #460, Houston Esperanza and Trotter YMCA.
Carolyn Matthews

SECRETARY
Carolyn Matthews serves as the Secretary and Director for HHFC since December 1998. With more than forty years of experience in real estate, Carolyn is the principal broker and owner of The Property Store, a real estate firm established in 1987.

Redick Edwards

DIRECTOR
Redick Edwards has served as HHFC Director since May 1979. Redick has many years of experience working in banking, finance, and affordable housing in various capacities.
Catherine Le

DIRECTOR
Catherine Le Dunbar has served as Director for HHFC since December 2015. She is a native Houstonian and an attorney who practices business law, real estate law, and immigration law.
Bolivar Fraga

DIRECTOR
Bolivar Fraga has served as HHFC Director since November 2018. He is a native Houstonian and an Air Force Veteran.

Milton Birdwell

DIRECTOR
Milton Birdwell has served as Director on the HHFC Board since November 2018. He has over 40 years of experience in the Houston Real Estate market both as a Broker and Loan Originator.
Jared Spain

DIRECTOR
Jared Spain has served as Director for HHFC since February 2026.
Ashley Bullion

DIRECTOR
Ashley Bullion has served as HHFC Director since February 2026. She is a Senior Vice President Commercial Banker at Origin Bank with experience in real estate, commercial & industrial, oil & gas, and nonprofit relationships.

Cody West

DIRECTOR
Cody West has served as Director on the HHFC Board since February 2026. He is a corporate tax attorney by training, and his professional experience includes real estate, private equity, securities law, and public policy.
DIRECTOR
DIRECTOR

HHFC Staff

Richard Mudd Sr.,

EXECUTIVE DIRECTOR
Richard Mudd serves as the Executive Director of HHFC, bringing nearly thirty years of experience in real estate and community development. A seasoned industry leader, he is a passionate advocate for affordable housing and has held numerous leadership roles dedicated to expanding access to quality, affordable homes.
Kristin Shelton

OFFICE MANAGER
Kristin Shelton is the Office Manager for HHFC, primarily overseeing daily operations of the office and managing vendor relationships. Kristin has over twenty-five years of experience in office administration and logistics management.

Darrell Groves

ACCOUNTANT
Darrell Groves is Managing Director of DWG CPA PLLC who provides accounting services for HHFC. Darrell is a solution-oriented CPA with extensive experience leading the development and implementation of teams, projects, strategies, processes, and controls that significantly improve results.
Dorrance W. Monteith

GENERAL COUNSEL
Dorrance Monteith is the General Counsel for HHFC. He has concentrated his law practice in the commercial real estate field for more than 40 years and focuses on the representation of small to mid-sized businesses in a full range of commercial, corporate, and business transactions.