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A Holiday Message from David Long

December 18, 2015 | by David Long

Categories: Affordable Housing, Construction, Financial Education, Home Buyer Education, Home Rehabilitation/Repairs, Homeownership, Lending, Rental Housing, Supportive Housing Services

Dear friends,

 
As 2015 comes to a close, I'd like to thank you for your partnership and support of the Texas State Affordable Housing Corporation (TSAHC) this year.
 
With your support, TSAHC has grown our programs and services to help even more Texans this year, and I want to share our successes with you, the ones who made it all possible.


In 2015 TSAHC:

  • Assisted almost 2,000 families to attain the dream of homeownership by providing fixed interest rate loans, grants for down payment assistance, and mortgage tax credits. 
  • Delivered high quality training to 82 housing and financial counselors as part of the Texas Statewide Home Buyer Education Program (TSHEP).
  • Financed the construction or rehabilitation of 14 single family homes through the newly re-branded Texas Housing Impact Fund.
  • Sold 30 homes to low and moderate-income buyers as part of the Affordable Communities of Texas (ACT) land banking program, including 11 homes specifically for veteran home buyers.  TSAHC also donated 3 homes to veterans who are fully disabled.
  • Issued $30,548,000 in multifamily private activity bonds to construct or rehabilitate 356 affordable rental units in Midland and Palestine.
  • Acquired the Rollins Martin Apartments, a 15 unit complex in east Austin, to preserve affordability for its low-income residents.
  • Awarded $360,500 to 16 high performing nonprofit organizations through the Texas Foundations Fund program, enabling them to provide critical repairs and supportive housing services to 1,478 very low-income Texans.

To learn more about our 2015 successes and see our plans for the upcoming year, I invite you to read the draft of our 2016 Annual Action Plan, now available for public comment.

Again, thank you for supporting TSAHC and our mission to serve the housing needs of low-income and underserved Texas families and communities. On behalf of everyone at TSAHC, I'd like to wish you a healthy and happy holiday and a prosperous new year.

Sincerely,

 


David Long
President
Texas State Affordable Housing Corporation


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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