Texas Staff Affordable Housing Corporation
TSAHC targets the housing needs of low-income families and underserved communities.
What does TSAHC do?
TSAHC programs target the housing needs of low-income families and other underserved populations who do not have acceptable housing options through conventional financial channels. Its mission is to address this critical and expanding need with initiatives such as first-time home-buyer grants and other down payment assistance programs. TSAHC provides a variety of affordable housing programs aimed at:
- Helping affordable housing developers build better housing for working families
- Helping homebuyers achieve the American dream of homeownership
- Helping homeowners sustain homeownership and improve their financial situation
How does it work?
As a nonprofit, TSAHC leverages private donations with its authority to sell tax-exempt affordable housing bonds to fund housing programs. They also utilize program-related investments (PRIs) from foundations and financial institutions to help non-profit developers create affordable housing. Finally, property donations are critical to the success of TSAHC’s land bank services. By partnering with local nonprofit housing organizations, donated properties are redeveloped as affordable housing.
This unique revenue structure has enabled TSAHC to become one of Texas’ largest affordable housing providers, serving more and more low-income Texans each year.
What do the rates look like?
As of June 2016, here are the rates for TSAHC:
If you have questions about TSAHC or would like to see if you qualify for this program, please give John a call at (512) 524-8310 or click here to learn about next steps.