TSAHC is now offering predevelopment financing to early stage affordable housing projects located in Travis, Williamson, Bastrop, Hays, and Caldwell counties. Predevelopment loans are offered as a pilot program under TSAHC's Texas Housing Impact Fund.
Predevelopment loans will range from $25,000 to $100,000, based on the applicant's demonstrated need.
Eligible and Targeted Borrowers
- Nonprofit developers with at least 2-years of experience
- Nonprofit entities who will be the general partner, managing member or primary sponsor of developments utilizing low-income housing tax credits.
- Small-scale or neighborhood-oriented community and housing development organizations that lack the working capital to fund predevelopment activities on housing projects that meet critical needs in their service area.
- Organizations that have applied or intend to apply for General Obligation Bond funds from the City of Austin.
For more information, please contact David Danenfelzer (by email or by phone at 512-477-3562) or Cassandra Ramirez (by email or by phone at 512-334-2155).
Predevelopment loans made possible with support from: