September 2014 - In This Issue:
Texas Foundations Fund
2014 Award Recipients Announced

 

Through the Texas Foundations Fund (TFF), TSAHC partners with non-profit organizations and rural government entities to fund housing services that provide stability to very low-income families. Each year TSAHC selects partners through a competitive application process.  

 

TSAHC's Board of Directors, with recommendations from the TFF Advisory Council, awarded a total of $343,000 to 13 nonprofit partners for the 2014 funding cycle.

 

Since the creation of the Texas Foundations Fund in 2008, TSAHC has provided over $1.8 million in grants to support critical housing services for more than 6,000 very low-income families and individuals in communities throughout Texas. TSAHC funds this program through generous donations from individuals and corporations, combined with revenue from other TSAHC programs.

 

 See List of the 2014 Recipients 

2014 RGV Partnership Golf Tournament to Benefit TSAHC

 

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TSAHC is honored to be a beneficiary of the 27th Annual Rio Grande Valley Partnership Foundation Golf Tournament. The Rio Grande Valley Partnership, a Chamber of Commerce for the entire Valley region, fosters relationships and coordinates programs that advance regional economic development.  

   

The tournament will help fund TSAHC's Texas Foundations Fund and be used to assist families in the Rio Grande Valley. 

  

Thursday, October 16th

Tierra Santa Golf Course - Weslaco

Registration: 11:30am & Tee-Off: 1:00pm 

  

For more information and to register: (956) 968-3141 or rachel@valleychamber.com  

 

New Higher Levels of Down Payment Assistance

Not every home buyer has the same needs, especially in today's ever-changing housing market. Some home buyers that are interest rate sensitive, while others may need a bit more down payment assistance.

  

In an effort to meet the needs of Texas home buyers, a total of 5 different options are now available under TSAHC's home buyer programs. These new options allow home buyers, in discussions with their lenders and Realtors, to choose the best option for them.  

 

Interest Rate
% of Net Down Payment Assistance (No second lien)
Type of Loan
5.00%
Net 5% of granted DPA
FHA, VA or USDA
4.75%
Net 4% of granted DPA
FHA, VA or USDA
4.50%
Net 3% of granted DPA
FHA, VA or USDA
5.125%
Net 3% of granted DPA
HFA Preferred Conventional
4.625%
N/A
HFA Preferred Conventional

 

Click here to find out exactly how our programs can help you become a homeowner.
TSAHC Launches "On the House"

 

TSAHC has launched On the House, a new weekly blog on affordable housing. The purpose of the blog is to share information that helps all of us improve Texas' affordable housing shortage.

We invite you to drop by On the House every Friday as we share information on important housing issues, provide an inside look into our programs, and share other valuable resources. Click here to sign up to receive the blog every Friday.
Bank of America Awards Grant to TSAHC

 

 

The $25,000 grant will support the Texas Statewide Homebuyer Education Program (TSHEP), which provides affordable professional development opportunities for Texas housing and financial counselors.  

 

TSAHC will utilize this generous contribution specifically to provide a week-long training for Texas housing counselors in early 2015. With Bank of America's support, TSAHC will be able to cover 90% of each counselor's tuition costs, ensuring that the training is affordable for our nonprofit counseling partners.

 

 Learn more about TSHEP
Thank You! 
We thank and recognize the following individuals for their recent donations to TSAHC programs:
Bill Albers
Ken Olson
Jerry Romero