December 21, 2018 | by David Long
Categories: Affordable Housing, Construction, Financial Education, First Time Buyer, Home Buyer Education, Home Rehabilitation/Repairs, Homelessness, Homeownership, Homes for Texas Heroes, Housing Counseling, Rental Housing, Texas Foundations Fund
As 2018 comes to a close, I’d like to take a moment to recognize you for supporting us and our mission. Whether it's through a partnership, investment, or spreading the word about what we do, your contribution is a critical component to our ongoing success.
We continue to strive to expand and improve our programs, and your continued support amplifies the impact we can make to provide safe, decent, and affordable housing for Texans.
I'd like to briefly share some of our 2018 highlights and express my sincere gratitude for your part in our success.
TSAHC’s 2018 in review:
- Assisted more than 9,000 families with attaining the dream of homeownership by providing fixed interest rate loans, down payment assistance, and mortgage tax credits through our home buyer programs. For the second consecutive year, we set a TSAHC record for the number of home buyers assisted.
- Delivered high quality in-person training to 39 nonprofit housing professionals through our Housing Connection program. Housing Connection is our new program that helps counseling and affordable housing nonprofits access trainings, promote themselves, and build capacity.
- Sold 11 homes to low to moderate-income families through our Affordable Communities of Texas program.
- Issued $77,897,000 in bond financing to build or rehabilitate 602 apartments in Austin and Midland for low to moderate-income Texans through our Multifamily Private Activity Bond program.
- Approved a $995,000 loan to a local partner to build 27 accessible and affordable rental homes for low-income households through our Texas Housing Impact Fund.
- Awarded $348,000 in grant funding to 24 nonprofit organizations through our Texas Foundations Fund program, enabling them to provide critical home repairs and supportive housing services to very low-income Texans.
- Launched the Housing and Economic Assistance to Rebuild Texas (HEART) grant program in partnership with Enterprise Community Partners to assist with ongoing Hurricane Harvey relief efforts. The HEART program has awarded more than $1,000,000 to 26 nonprofit organizations to provide housing-related assistance to low-income households directly affected by the disaster.
- Provided 19 low-income families rental homes at below-market rates in high opportunity neighborhoods in the greater Austin area through our Single Family Rental Program. We're excited to announce that we have plans to expand this program to San Antonio in 2019.
- Added new staircases and additional security features to the Rollins Martin Apartments as part of our Multifamily Rental Program. These renovations expand on the work we have done to renovate and update the 15-unit East Austin complex we purchased in 2015.
- Expanded our partnership with the Health and Human Services Commission to include technical assistance from the National Academy for State Health Policy designed to create new permanent supportive housing opportunities for vulnerable Texans.
- Concluded a five-session Rural Housing Preservation Academy in partnership with the Federal Reserve Bank of Dallas, Rural Rental Housing Association of Texas, Enterprise Community Partners and Motivation, Education & Training, Inc.
If you want to read more about TSAHC and our activities, I encourage you to read our 2019 Draft Annual Action Plan which is out for public comment until January 14, 2019.
On behalf of everyone at TSAHC, we extend a heartfelt thank you for supporting us, and we wish you all the best in the coming 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.