Who we are
The Texas State Affordable Housing Corporation (TSAHC) is a 501(c)(3) nonprofit organization that was created by the Texas Legislature in 1994 to serve as a self-sustaining, statewide affordable housing provider. At TSAHC we believe that every Texan deserves the opportunity to live in safe, decent and affordable housing. As the population of our state continues to grow at a record rate, the need for affordable housing in Texas has only increased.
What we do
Our programs target the housing needs of low-income families and other underserved populations who do not have acceptable housing options through conventional financial channels. At TSAHC, addressing this critical and expanding need with innovative housing programs is our daily mission. TSAHC provides a variety of affordable housing programs aimed at:
- Helping developers build better housing for working families
- Helping homebuyers achieve the American dream of homeownership
- Helping homeowners sustain homeownership and improve their financial situation
How we do it
As a nonprofit TSAHC leverages private donations with its authority to sell tax-exempt bonds to fund our wide spectrum of housing programs. We also utilize program-related investments (PRIs) from foundations and financial institutions to help non-profit developers create affordable housing. Finally, property donations are critical to the success of TSAHC’s land banking program, which partners with local nonprofit housing organizations to redevelop donated properties as affordable housing.
This unique revenue structure has enabled TSAHC to become one of Texas’ largest affordable housing providers, serving more and more low-income Texans each year.
Although TSAHC is a self-supporting, nonprofit organization legally separate from the State and receives no State appropriated funding, it is subject to significant State oversight. TSAHC Board of Directors is appointed by the Governor and 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. TSAHC is also subject to the Texas Sunset Act and will undergo a Sunset Review in 2023.