The Texas State Affordable Housing Corporation (TSAHC) is a nonprofit affordable housing provider in Texas.
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Mission
According to its website, the organization's mission is to "serve the housing needs of low-income families and other underserved populations in Texas who do not have acceptable housing options through conventional financial channels."
Organization Oversight
TSAHC's five-member Board of Directors is appointed by the Governor of Texas. The agency also undergoes reviews by the state of Texas as part of the Texas Sunset Act and will undergo its next Sunset Review in 2023.
Robert "Bob" Jones, is Chair of the Board of Directors.
Homeownership Programs
Provides low-interest home mortgage loans, grants for downpayment assistance, and mortgage credit certificates for qualified homebuyers. TSAHC also operates the Texas Financial Toolbox consumer website.
Affordable Communities of Texas (ACT) Program
A statewide land bank/land trust program. TSAHC acquires foreclosed and vacant properties from financial institutions and partners with local entities to sell or lease them as affordable housing.
Direct Lending Program
Provides financing to developers to build or rehabilitate housing for low-income households.
Multifamily Private Activity Bond Program
TSAHC issues tax-exempt multifamily private activity bonds to finance multifamily rental housing projects that meet one of the following priorities: 1) at-risk preservation and rehabilitation, 2) rural and smaller urban markets, 3) senior and supportive housing developments, or 4) disaster relief housing.
Texas Foundations Fund
A grant-making program that offers grants to nonprofit organizations and rural government entities to support the following services: 1) critical home repairs, and 2) supportive housing services for households at risk of homelessness.
Texas Statewide Homebuyer Education Program
Provides training to housing counselors that educate Texas consumers.