A lawsuit is being filed against the Cameron County Housing Finance Corporation, Williamson County officials announced Wednesday.

The lawsuit claims the Cameron County Housing Finance Corporation is violating the Texas Housing Finance Corporations Act by trying to remove two multifamily developments in Williamson County from the tax rolls that would result in the loss of millions of dollars in real property value.

A press conference was held on Wednesday morning where Williamson County officials spoke out against CCHFC and gave more details on the lawsuit.

"Tax exempting these apartment complexes will reduce the Hutto ISD tax levy by more than $1.2 million annually, creating unnecessary hardship for the kids of the fast-growing district,” Williamson County Precinct 4 Commissioner Russ Boles said during the news conference. “The Cameron County HFC does this so that it can collect millions of dollars in fees.”

Williamson County was granted a temporary restraining order to prevent the developments from being removed.

Channel 5 News reached out to Cameron County HFC Executive Director Mark A. Yates, who said the company is "confident they will prevail from this."