TSAHC Receives $750,000 Investment from Texas Capital Bank
April 19, 2017
The investment, structured as a five-year community development loan, will support the Texas Housing Impact Fund, which provides low-cost loans to local housing developers to construct or rehabilitate affordable single and multifamily housing. TSAHC will utilize the five-year investment to construct or rehabilitate a minimum of 25 homes, with the majority of homes located in Austin, Dallas/Fort Worth, Houston and San Antonio.
Texas Capital Bank has also awarded TSAHC a $7,500 grant renewable for three years, which will allow TSAHC to provide more funding for quality housing developments. Click here for more information about the Texas Housing Impact Fund.