Corporate Profile

Vision

That every Texan has the opportunity to live in safe, decent, and affordable housing that promotes a better quality of life.

Mission

The Texas State Affordable Housing Corporation serves the housing needs of low, very low and extremely low-income Texans and other underserved populations who do not have comparable housing options through conventional financial channels.

Organization Background

TSAHC was created by statute in 1994 as a self-sustaining non-profit organization to be operated exclusively for the promotion of public health, safety and welfare through the provision of safe, decent and affordable housing for low-income Texans and other underserved populations. Through the development and administration of innovative and unique housing programs, TSAHC facilitates affordable housing primarily for Texans who do not have comparable options through conventional financial channels. All TSAHC programs are offered statewide, with special attention given to rural areas and other select target areas.

TSAHC is organized, operated, and administered in accordance with its enabling legislation. Although TSAHC is legally separate from the State and receives no State appropriated funding, it has legislative authority and is subject to significant State oversight. TSAHC's bond issuances are subject to debt issuance review and approval by the Texas Bond Review Board and the Texas Attorney General's office; and the corporate financials are subject to audit by the State Auditor. The corporation is subject to Sunset review under Chapter 325 of the Texas Government Code (Texas Sunset Act) and will undergo review in 2008.

TSAHC is an approved originating seller/servicer for single family loans with Fannie Mae, Freddie Mac, Ginnie Mae, U.S. Rural Development, FHA, VA, and the Community Development Trust, Inc. The Corporation has conduit sales agreements with Countrywide Home Loans, Inc. and Wells Fargo Funding, and with the Community Development Trust, Inc. for multifamily mortgage loans. The Corporation is also a non-member borrower of the Federal Home Loan Bank of Dallas.

For more general information on TSAHC and its programs, select a section at the top of the page that most accurately describes your interest. For contact information, click here.