Revolving Lines of Credit
How We Support
With amounts similar to a construction loan, our revolving lines of credit offer the opportunity for construction or rehabilitation of affordable single-family homes. Funds are available on a revolving basis as homes are sold.For Developers
Developers are highly encouraged to review the policies and guidelines for the loan product type requested prior to the meeting with TSAHC staff.
Application Process
Developers interested in applying for funding must first schedule a meeting with TSAHC staff to discuss their project. TSAHC staff will provide a link to the application materials after the meeting if the project is determined to be a good fit based on program guidelines and funding availability.
Revolving Line of Credit Success Story
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.
“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.”
– Norman Henry, President/CEO of Builders of Hope CDC
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