Through our collaboration with a network of local partners across the state, TSAHC is able to finance a range of affordable single-family and multi-family housing developments. Below are examples of projects we have financed.
Builders of Hope Community Development Corporation | Dallas, Texas
Builders of Hope Community Development Corporation builds energy efficient homes in the West Dallas, Pleasant Grove, and Oak Cliff neighborhoods of Dallas, Texas. The organization used a revolving loan from TSAHC to construct modern three and four bedroom affordable homes. Monthly mortgage payments range between $600 to $800 a month which is less than most renters pay monthly.
Norman Henry, President/CEO of Builders of Hope CDC, commented on TSAHC’s financing stating, “We need flexibility with our lending to help us provide homes for people with tight budgets and special financial needs, and TSAHC provided exactly that.”
The Willows | Austin, Texas
The Willows is a 64-unit multifamily complex in Austin, Texas. TSAHC provided a 15-year, $1.2 million construction loan to the Mary Lee Foundation, and the organization leveraged TSAHC funding to receive additional funding from the Federal Home Loan Bank and the City of Austin. The Mary Lee Foundation, founded in 1963 by Charlene Crump, inspires and involves persons with disabilities through programs, advocacy, and education.
Vista Rita Blanca | Dalhart, Texas
The Vista Rita Blanca Apartments built by Guadalupe Economic Services Corporation include 28 units of rural affordable rental housing targeted to agricultural workers in Dalhart, Texas. TSAHC provided a $356,125 construction loan for the project that was combined with $2,686,430 in funding from the U.S. Department of Agriculture to finance the development. Rents range from $637 to $781 per month for two to four bedroom units.
Diana Lopez, Executive Director of Guadalupe Economic Services Corporation, commented on the financing provided saying, “TSAHC’s financial commitment was the critical link in building the Rita Blanca project and creating safe and affordable housing for families who otherwise would not be able to find a suitable place to live."
Limestone Ridge Apartments | Big Spring, Texas
Limestone Ridge is a 72-unit multifamily complex and community building located in Big Spring, Texas that was built in 2004. TSAHC provided a loan in the amount of $1,044,000 to construct the project.
