August 14, 2020 | by Anna Orendain
The Texas State Affordable Housing Corporation (TSAHC) was created in 1994 by the Texas Legislature in order to help residents of the El Cenizo Colonia convert contracts for deed into mortgages. That assignment laid the groundwork for our current mission of providing safe, decent, and affordable housing to low- and moderate-income Texans in need.
Since our inception, we have continuously endeavored to promote innovative affordable housing solutions. Our homebuyer programs help Texans achieve their goals of homeownership; our development finance programs help address the state’s underserved housing needs; and our Housing Connection program builds capacity for nonprofits across the state.
To commemorate our 25 years of service, we recently released our 2019 Annual Report. We included a timeline of TSAHC’s accomplishments throughout the years, a statewide and regional breakdown of our program activity, and highlights of some of our incredible partners who helped us make it all happen.
In the Panhandle, our development finance program worked with partners like Hamilton Valley Management to preserve affordable rental housing. Through Housing Connection, we partnered with the Lubbock Housing Finance Corporation and others to help consumers receive home buyer and financial education, and our network of lenders helped 195 households receive $954,000 in down payment assistance.
In North Texas, our Texas Foundations Fund has awarded $84,000 in critical repair and supportive services grants to nonprofit partners like Samaritan House. Our ACT program worked with Housing Channel to redevelop properties to be sold to low-income families. Meanwhile, our home buyer programs allowed 3,046 households to access $23.2 million in down payment assistance.
In West Texas, we partnered with developers like Dominium and Texas Housing Foundation to build 528 rental units, and our Texas Foundations Fund has provided $63,000 in grants to nonprofits like Opportunity Center for the Homeless.
In Central Texas, our rental program provides 19 homes and 15 apartment units in high-opportunity areas, and our homeownership programs provided 807 households with $5.6 million in down payment assistance. We also empowered nonprofit organizations, like Grassroots Community Development, to provide Texans with housing and financial counseling.
In East Texas, our Texas Foundations Fund has provided $42,000 in grants to nonprofit partners like Habitat for Humanity of Smith County. Our Housing Connection program has worked with the City of Longview to provide home buyer and financial counseling, and our homeownership programs helped 203 households access $1 million in down payment assistance.
In South Texas, we expanded our TSAHC rental program to include 4 single-family rental homes and helped 593 households receive $3.7 million in down payment assistance. Additionally, our Housing and Economic Assistance to Rebuild Texas (HEART) program awarded $50,000 in grants to organizations like Victoria County Long Term Recovery Group to repair homes damaged from Hurricane Harvey.
In South East Texas, our Texas Foundations Fund worked with 4 nonprofits, including Avenue Community Development Corporation, awarding $84,000 in grants. Meanwhile, our lender network helped 1,753 households receive $11.6 million in down payment assistance. And our HEART program awarded $587,000 in grants to 14 nonprofits, such as Shalom Builders of Texas, repairing 188 hurricane-damaged homes and providing 2,075 individuals with supportive services.
In the Rio Grande Valley, our ACT program worked with organizations like Harlingen Community Development Corporation to redevelop 26 properties for lower-income families and our HEART program provided 4 nonprofits, like Aransas Habitat for Humanity, with $220,000 for home repairs and programmatic support. And our homeownership programs provided 364 households with $1.9 million in down payment assistance.
To view the entire 2019 Annual Report, as well as our reports from previous years, click here.
On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.
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