Property donations are critical to the success of TSAHC’s Affordable Communities of Texas (ACT) Program, Texas’ first statewide land bank and land trust program.
Using our unique statutory authority to own property tax-free, TSAHC acquires foreclosed and vacant properties from financial institutions, and then partners with local housing developers to rehabilitate these properties and sell or lease them to low-income families. By focusing our initial acquisition efforts on foreclosed properties, TSAHC is helping stabilize neighborhoods heavily impacted by the foreclosure crisis while at the same time creating housing opportunities for working families.
We rely on federal and private funding along with property donations to expand our ACT program and increase the supply of affordable housing in Texas.
If you are a financial institution or individual interested in donating property to TSAHC, please contact David Danenfelzer at 512-477-3562 or email [email protected].