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.

HHFC does not have direct employees; instead, it engages independent contractors to perform key staff functions.

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, community-based nonprofit developers, and commercial banks to raise the capital necessary for successful projects.

To date, HHFC has helped finance housing opportunities for more than 60,000 families, representing over $1.4 billion in community investment.

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

Redick Edwards

PRESIDENT
Redick Edwards currently serves as President of the HHFC Board. Redick has many years of experience working in banking, finance, and affordable housing in various capacities.
Albert E. Magill, III

VICE PRESIDENT
Albert E. Magill serves as Vice President and Director for HHFC since December 1999. Albert has over forty years of experience in real estate finance, lending, and multifamily development in Texas.
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.

John A. Gonzales

TREASURER
John Gonzales serves as Treasurer and Director for HHFC since December 2001. Johns’ community affiliations include MUD #460, Houston Esperanza and Trotter YMCA.
Ray Shackelford

DIRECTOR
Ray Shackelford has served as HHFC Director since January 2020. He is a native Houstonian and the founder of Ozark St. Consulting, a social impact and public engagement firm.
Ryan Mendez

DIRECTOR
Ryan Mendez has served as HHFC Director since May 2019. He has lived in Houston for more than forty years and currently serves as the Senior Managing Director for Global Real Estate Advisors (GREA), where he specializes in the disposition of multifamily properties in Texas.

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.
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.

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.