September 2015 - In This Issue:
Congratulations to our
2015 Texas Foundations Fund Grantees

On September 10, TSAHC's Board of Directors approved the 2015 Texas Foundations Fund grants. TSAHC has awarded $360,500 to the following nonprofit organizations:

Together, the 2015 grants will fund critical home repairs, as well as case management, job training and other supportive housing services, for very low-income Texans.  
Click here to read more about each grantee and the services they will provide with their 2015 Texas Foundations Fund grant.  

Learn more about the Texas Foundations Fund program.

Recent Grants and Donation to Support TSAHC
TSAHC would like to recognize the following organizations for supporting our mission to provide safe, decent, affordable housing for all Texans.   

Wells Fargo Housing Foundation
$10,000 grant to support training opportunities for Texas housing and financial counselors


 $2,250 matching grant to help TSAHC with marketing and branding

OneTrust Home Loan

$100 donation to support the Texas Financial Toolbox


New Home Buyer Education Requirement
Effective October 1, 2015 

Effective October 1, 2015: Home buyers using our Down Payment Assistance and/or Mortgage Credit Certificate programs may use ONLY those providers listed on the Texas Financial Toolbox
to meet their home buyer education requirement.

These trusted providers are generally nonprofit organizations or government entities who are either HUD-approved or certified to provide home buyer education.

Approved Online Classes
Our approved Online Home Buyer Education class providers are: FrameWork, eHomeAmerica, and Clear Point Credit Counseling Solutions. Home buyers can take these self-paced classes ranging from $25 to $99 in the comfort of their home.  


Approved In-Person Classes

Click here to find an approved In-Person Home Buyer Education class in the home buyer's location. These interactive classes ranging from no cost to $50 offer one-on-one counseling and allow the participant to connect and learn with other home buyers. 


TSAHC Has Limited Office Space Available For Lease



TSAHC is in the process of renovating 1910 East MLK Jr. Blvd. in Austin. The newly renovated office space will be available on or around October 15, 2015. Our preference is to rent it to nonprofit organizations engaged in affordable housing or community development. The remaining space available will accommodate two to four individuals depending on your needs.  

Click here for details, and if you are interested, please contact Liz Bayless at or 512-477-3564.

The below piece is an excerpt from On The House, a weekly blog TSAHC launched in 2014 on affordable housing topics. We invite you to drop by On The House each week 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 each week.  

Back to School Edition: Helping Teachers
Live Where They Work

As parents of school-age children know, teachers play a critical role in not only educating children, but preparing them to become productive members of society. 

But rising home prices have left many Texas teachers unable to buy a home in their district, forcing them to move further out where home prices are cheaper.

Citing research conducted by the National Housing Conference, a recent article emphasizes the wide-spread nature of the teacher housing crisis. According to the research, teachers can't afford median-priced homes in one-third of the 200 metro areas they surveyed.  

And the crisis is not limited to coastal cities such as New York and San Francisco, which are known for high housing costs. In Texas, the median teacher salary is $46,110, which puts median home prices out of reach in most large Texas cities, including Austin (with a median home price of $261,200), Dallas ($230,400) and Houston ($210,700).

This is a crisis affecting not only teachers, but the communities they serve. According to Janet Viveiros, senior research associate at the National Housing Conference, the lack of affordable housing stock "can really put communities at a disadvantage for attracting high quality teachers... who are unwilling to remain committed to extremely long commutes."

Home Buyer Programs for Teachers

Are you a Texas teacher looking to purchase a home? Fortunately there are programs that may be able to help you buy a home closer to where you work. Through our Homes for Texas Heroes Program, TSAHC provides qualified teachers with low, fixed-rate home loans, grants for down payment assistance and mortgage tax credits. Click here to learn more about our home loans and other assistance available for Texas teachers.

A recent article provides a comprehensive list of programs, including TSAHC's, that can help teachers afford to purchase a home.  We encourage you to review all the programs carefully to see which option you qualify for and which works best for your financial situation.