Affordable Communities of Texas (ACT) Program
Learn more about our land bank and land trust program serving communities with high rates of foreclosure.
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Affordable Housing Development
TSAHC provides financing options to help developers create affordable housing in Texas. We offer direct loans, land banking, and tax-exempt bonds to help developers build or preserve affordable rental housing; redevelop foreclosed and distressed properties; and acquire, develop and rehabilitate affordable homeownership projects.
Explore our library of resources for developers.
Click to Explore Development Opportunities and Financing Options
Land Banking Services
The Affordable Communities of Texas (ACT) Program is a land bank and land trust program designed to stabilize and redevelop communities. The ACT program relies on more than 25 local nonprofit and for-profit developers across the state. We work with local partners to acquire and redevelop foreclosed homes, vacant land and tax foreclosed properties. These properties are then sold or rented to low-income families.
At A Glance
- Land banking that focuses on short to mid-term development projects targeting homeownership.
- Land trusts and joint ventures that provide long-term affordability for both homeownership and rental projects
- 25 nonprofit local partners
- Partnership opportunities to redevelop properties in TSAHC’s land bank
Available Properties
TSAHC and our local partners often have properties for-sale which we maintain in a searchable database. The properties are either vacant lots or recently developed affordable housing with resale and income restrictions. All available properties are listed on our For-Sale Properties website.
At A Glance
- Developed affordable housing ready to be sold. Income and resale restrictions apply
- Vacant Lots or homes that can’t be redeveloped for affordable housing
Donate a Property
Property donations are critical to the success of TSAHC’s ACT Program. 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.
At A Glance
- Foreclosed and Vacant Properties accepted
- Properties are rehabbed and then sold or leased to low-income families
- Creates housing opportunities for working families
- Leads to stable neighborhoods impacted by the foreclosure crisis
Tax-Exempt Bond Program
TSAHC receives 10% of the state’s annual private activity bond volume cap for residential rental projects which we focus on Targeted Housing Needs that our board reviews and updates each year. Our tax-exempt bonds are issued on a conduit basis. This means the bonds are purchased by private investors to fund affordable multifamily rental housing, and they do not create a debt or liability to the State of Texas.
At A Glance
- Tax-exempt bond financing
- Must meet one of four targeted housing needs, as determined by our Board of Directors
- Limited availability
Development Loans
Through the Texas Housing Impact Fund (THIF), TSAHC provides short and long-term loans to developers to build affordable housing, with an emphasis on empowering local nonprofit builders.
At A Glance
- Construction Loans for Multifamily rental housing
- Revolving lines of credit for homeownership
View Frequently Asked Questions about TSAHC’s development and financing programs.
Hear From Our Community
It is inspiring to think what the apartments in Burleson Studios will mean for 104 of our Austin neighbors who have struggled with housing. They will have access to independent living, and a place in a supportive community where they can find the resources and services they need to pursue their goals. We are grateful to TSAHC for their financial support for this community.
Walter Moreau
Executive Director of Foundation Communities
Executive Director of Foundation Communities
I cannot tell you how grateful I am to TSAHC. We were really scrambling to figure out a financing issue with Cady Lofts, and you came through with a solution that allowed us to close on time. Without financing from TSAHC, we would have had to go back to the drawing board. I cannot tell you how grateful I am and what a resource and incredible gift TSAHC is to all of affordable housing.
Sally Gaskin
Founder and President of SGI Ventures
Founder and President of SGI Ventures
Providing affordable homeownership opportunities to hard working families is central to our mission. That’s why I’m excited to stand alongside TSAHC and others who help create this community and celebrate the current and future families who will have an affordable place to call home that they own.
Fred Huerta
Executive Director of Harlingen CDC
Executive Director of Harlingen CDC
Our Impact
Through our development finance programs, TSAHC has helped affordable housing developers, nonprofits and local governments build or preserve affordable rental housing; redevelop foreclosed and distressed properties; and acquire, develop and rehabilitate affordable homeownership projects.
Questions? Contact our team.
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