Click on the + signs below to view our current Requests for Proposals (RFPs), Annual Reports highlighting our program successes, Annual Actions Plans submitted to the state of Texas, yearly Audited Financial Statements, and public notices of upcoming hearings related to our bond programs.
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The Texas State Affordable Housing Corporation presents for public comment its Draft 2021 Annual Action Plan, which is a component of the 2021 State Low Income Housing Plan. A copy of the Draft 2021 Annual Action Plan may be found by clicking the link below:
The public comment period for the Corporation's Draft 2021 Annual Action Plan is December 18, 2020 through January 22, 2021.
Written comment may be sent to Michael Wilt by email at mwilt@tsahc.org.
The Texas State Affordable Housing Corporation presents for public comment its Draft 2021 Annual Action Plan, which is a component of the 2021 State Low Income Housing Plan. A copy of the Draft 2021 Annual Action Plan may be found by clicking the link below:
The public comment period for the Corporation's Draft 2021 Annual Action Plan is December 18, 2020 through January 22, 2021.
Written comment may be sent to Michael Wilt by email at mwilt@tsahc.org.
The Texas State Affordable Housing Corporation (the “Corporation”), a nonprofit corporation organized under the laws of the State of Texas, is implementing a qualified mortgage credit certificate program (the “Program”) within the State of Texas (the “Program Area”) to assist eligible purchasers. A Mortgage Credit Certificate (“MCC”) is an instrument designed to assist persons better afford home ownership. The MCC Program allows first-time homebuyers an annual federal income tax credit equal to the credit rate for the MCC multiplied by the amount of interest paid by the holder on a home mortgage loan during each year that they occupy the home as their principal residence.
An eligible purchaser of a residence located within the Program Area may apply to the Corporation for an MCC through a participating lender of his or her choice at the time of purchasing a principal residence and obtaining a mortgage loan from a participating lender.
To be an eligible purchaser to receive an MCC, a purchaser must meet the following criteria:
(1) Be one of the following:
(a) A person living in Texas whose annual household income does not exceed 100% of area median family income (“AMFI”) (for families of two persons or less) or 115% of AMFI (for families of three or more persons); or
(b) A full-time Texas classroom teacher, teacher’s aide, school librarian, school nurse, school counselor, or an allied health or nursing faculty member whose annual family income does not exceed 100% of AMFI (for families of two persons or less) or 115% of AMFI (for families of three or more persons); or
(c) A full-time paid fire fighter, peace officer, corrections officer, juvenile corrections officer, county jailer, EMS personnel, veteran, or public security officer, working in the State of Texas whose annual family income does not exceed 100% of AMFI (for families of two persons or less) or 115% of AMFI (for families of three or more persons).
Visit www.tsahc.org for a more complete description of the maximum income limits.
(2) The applicant for the MCC cannot have had an ownership interest in his or her principal residence during the three-year period ending on the date the mortgage loan is obtained.
(3) The applicant must intend to occupy the residence with respect to which the MCC is obtained as his or her principal residence within 60 days after the MCC is issued. The MCC issued to an applicant will be revoked if the residence to which the MCC relates ceases to be occupied by the applicant as his or her principal residence.
(4) The MCC cannot be issued to an applicant in conjunction with the replacement or refinancing of an existing mortgage loan. The MCC can, however, be obtained in conjunction with the replacement of a construction period or bridge loan having a term of less than 24 months.
(5) Federal law imposes limitations on the purchase price of homes financed under the program. These limitations are periodically adjusted. Visit www.tsahc.org to view the current maximum purchase prices allowed. Two-family, three-family and four-family residences are also eligible, provided that one of the units will be occupied by the mortgagor as his or her principal residence and that the residence was first occupied for residential purposes at least five years prior to the closing of the mortgage.
Anyone receiving an MCC and selling his or her residence within nine years of the issuance of the MCC may be required to return all or a portion of the tax credit received in connection therewith to the Internal Revenue Service.
To defray the costs of implementing the Program, the Corporation will charge applicants a compliance fee, plus an MCC issuance fee.
The Corporation strongly encourages anyone who believes that he or she qualifies for an MCC to apply at the offices of a participating lender. For more information regarding the Program and its restrictions, including a list of current participating lenders, please contact Joniel LeVecque, Homeownership Programs Director, at (512) 477-3561 or by email at jlevecque@tsahc.org.
For a copy of the IRMA letter, click here.
TSAHC was created in 1994 as a self-sustaining nonprofit housing organization. At TSAHC we believe that every Texan deserves the opportunity to live in safe, decent and affordable housing. Our programs target the housing needs of low-income families and other underserved populations in Texas who do not have acceptable housing options through conventional financial channels. All TSAHC programs are offered statewide, with special attention given to rural areas and other select target areas.
Fair Housing: Know Your Rights
