As we approach the end of another year, I’d like to thank you for your partnership and supporting our mission to provide Texans safe, decent and affordable housing. Over the years, we’ve expanded our programs to make a bigger impact, and 2017 was no different.
It’s with sincere pleasure that I share our highlights from the past year and express my gratitude to you for being an integral part of our success.
TSAHC’s 2017 in review:
- Nearly 5,400 families attained the dream of owning a home by using our home buyer programs that provide fixed interest rate loans, grants for down payment assistance, and mortgage tax credits. We more than tripled the number of families we served in 2016 by expanding the eligibility requirements of the programs.
- 86 housing and financial counselors received high quality training through our administration of the Texas Statewide Home Buyer Education Program.
- 47 low to moderate-income families became homeowners thanks to our Affordable Communities of Texas program.
- We issued $22,560,000 in bond financing to build or rehabilitate 212 apartments for low to moderate-income Texans through our Multifamily Private Activity Bond program.
- We loaned $1,845,000 to 4 local partners to build 6 single family homes and 27 rental homes for low to moderate-income households through our Texas Housing Impact Fund.
- 25 high performing nonprofit organizations received $318,500 in grant awards through our Texas Foundations Fund program, enabling them to provide critical home repairs and supportive housing services to very low-income Texans. We also modified this program to allow nonprofits to serve households affected by a federally declared disaster in the wake of Hurricane Harvey.
- 20 low-income families rent at below-market rates in high opportunity neighborhoods in the greater Austin area through our Single Family Rental Program.
- We completely remodeled 3 units at the Rollins Martin Apartments. These renovations build upon the work we have done to renovate and update the 15-unit East Austin complex we purchased in 2015.
- We expanded our “Counselor Connection” resource and renamed it “Housing Connection.” Through Housing Connection, we help counseling organizations and affordable housing organizations access trainings, promote themselves, and build capacity.
- We forged a new partnership with the Health and Human Services Commission by being their housing partner in a Center for Medicaid Services Innovation Accelerator Program.
- And we strengthened existing partnerships with the Federal Reserve Bank of Dallas, Rural Rental Housing Association of Texas, Enterprise Community Partners and Motivation, Education & Training, Inc. by collaborating to create a Rural Housing Preservation Academy that launches in January.
To learn more about our 2017 successes and see our plans for the upcoming year, I invite you to read the draft of our 2018 Annual Action Plan, now available for public comment.
Again, thank you for supporting TSAHC and our mission to serve the housing needs of moderate, low, very low, and extremely low-income Texans and other underserved Texas families and communities. On behalf of everyone at TSAHC, I'd like to wish you happiness and success in the New Year.
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.