November 5, 2021 | by Anna Orendain
Categories: Veterans
In honor of the upcoming Veterans Day holiday, we wanted to take a moment to express our gratitude for the brave sacrifices of the Texas men and women that have dedicated themselves to defending our country.
Texas is home to more than 1.4 million veterans, and we wanted to spotlight a few programs and services that help current and former members of our armed forces live comfortably in the communities they worked to protect.
Here at TSAHC, we strive to give Texas veterans every opportunity to pursue the dream of homeownership. Our Home for Texas Heroes program is a home buyer assistance program designed to help veterans buy a home by offering down payment assistance worth up to 5% of the mortgage loan amount.
In fact, veterans who pair TSAHC's down payment assistance (DPA) with a Mortgage Credit Certificate (MCC) are eligible to receive their MCC for free (a $500 savings)! An MCC reduces the federal income tax liability every year, allowing home buyers that claim it to save thousands over the life of a loan.
Though no longer available, our Affordable Communities of Texas - Veterans Initiative (ACT-VET) program provided discounted homes to veterans with disabilities and/or low-to-moderate income. Moreover, we donated ten homes mortgage-free to veterans thanks to a partnership with Bank of America. To hear the stories of some households who benefited from this program, click here.
Additionally, we’ve been committed to helping communities empower individuals experiencing homelessness. Research shows that, due to poverty and lack of support and social isolation after discharge, veterans are 50% more likely to become homeless than civilians.
We partner with the Center for Supportive Housing (CSH) to host the Texas Supportive Housing Institute, an initiative that provides training and assistance to affordable housing developers that want to build Permanent Supportive Housing (PSH) designed for people experiencing homelessness.
One team in this year’s Institute is Solutions for Veterans, a nonprofit organization that provides veterans with the housing and support they need to be self-sufficient. With a total of 453 units of housing already in operation, Solutions for Veterans is building an additional 34 units of PSH for veterans experiencing homelessness in Waco, Texas. The community will provide veterans with ongoing supportive services and case management to allow them to lead independent and fulfilling lives.
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