October 2015 - In This Issue:
New Video from TSAHC:
Our Programs, Our Partners and Those We Serve


 
 
TSAHC has created a short video to provide the housing community, our funders and other stakeholders with a glimpse of our programs through the stories of our partners and those we serve. The video demonstrates how our programs are making a difference in the lives of Texas families.

Check out the video to learn more and hear directly from the following partners and program recipients: Roy Nash, president of nonprofit partner NeighborWorks Waco; Donna Beseda, widow of West firefighter Doug Snokhous and recipient of a donated home; Ann and Doug Foxworth, who recently purchased a home with TSAHC's down payment assistance; and Alice Graulty, housing/financial counselor at nonprofit partner Foundation Communities.

We would like to thank Roy Nash, Donna Beseda, Ann and Doug Foxworth, and Alice Graulty for taking the time to share their TSAHC stories, as well as videographer Lizzie Chen for putting the video together for us.

Watch the video here.
Introducing: Texas Housing Impact Fund  
  


TSAHC recently rebranded our direct lending program as the Texas Housing Impact Fund to better communicate the purpose and goals of our loan products to both developers and potential investors. The Texas Housing Impact Fund offers financing for the development, acquisition, or rehabilitation of affordable rental or homeownership projects across Texas, and it supports projects that create a higher quality of life for low and moderate-income families.

Through the Texas Housing Impact Fund, TSAHC provides short and long-term loans to developers seeking to build affordable housing, with an emphasis on empowering local nonprofit builders. Our loan products provide competitive rates and can be combined with other financing products to give developers the flexibility they need to create sustainable housing in Texas.

Texas Housing Impact Fund Loan Products

Permanent Financing Loans

Our permanent financing loan provides funds that can be used towards the development, acquisition, or rehabilitation of affordable multifamily projects. Loan terms and rates are flexible depending on the size, scope and specific needs of your project.

Construction Loans

We provide loans for the construction or rehabilitation of affordable multifamily projects or single family homes. This product is an excellent solution for a small project or as gap financing for a larger development.

Revolving Lines of Credit

With amounts similar to a construction loan, our revolving lines of credit offer the opportunity for construction or rehabilitation of affordable single-family homes. Funds are available on a revolving basis as homes are sold.

More Information About the Texas Housing Impact Fund

We encourage you to read the Texas Housing Impact Fund brochure and success stories about developments we have financed for more information about the program.

Interested in a loan?

We accept applications for new loans on an ongoing basis provided we have funding available. Read our Texas Housing Impact Fund threshold criteria requirements to make sure you are eligible, then call us to discuss your development plans.

Invest in the Texas Housing Impact Fund

TSAHC uses program revenue and private funding to provide loans to nonprofit and for profit housing developers, including grants, equity equivalent investments (EQ2), donations and program-related investments (PRI). Investing in the Texas Housing Impact Fund program will help TSAHC help a local developer create affordable housing. Get more information on becoming an investor by clicking here.

Learn more about the Texas Housing Impact Fund. 
Congrats to the Latest Texas Statewide Homebuyer Education Program Participants 
 

TSAHC would like to congratulate the housing counselors who successfully completed the Texas Statewide Homebuyer Education Program October 12th - 16th in Houston. These 27 housing counselors representing 22 organizations in 12 cities across Texas finished the "HO247- Advanced Financial Coaching - Post Purchase Education Methods" class. We're proud to announce that 100% of the counselors would recommend this training to others.

TSAHC has partnered with NeighborWorks America to provide these courses. For more information about the courses offered and the different certifications provided by NeighborWorks, including requirements to obtain or maintain a certification and the application form for each, click here.

Thank you to the following sponsors for making this training possible.

                                                                



Below are October 2015 excerpts 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.  
 
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Commemorating the 25th Anniversary of the Americans with Disabilities Act   
 
This year marks the 25th Anniversary of the Americans with Disabilities Act (ADA), which was  signed into law by President George H.W. Bush on July 26, 1990. The law prohibits discrimination against individuals with disabilitiesin all areas of public life, including jobs, schools, transportation and all public and private places that are open to the general public.



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Staff Spotlight: An Interview with Paige Omohundro 

For this week's blog post, we interviewed Paige Omohundro, TSAHC's Homeownership Finance  Manager. Paige oversees our down payment assistance and other home buyer programs, helping thousands of Texas families become homeowners each year. Under her tenure, TSAHC has expanded the options we provide to help meet the varying needs of Texas home buyers. 


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Progress Continues in Efforts to End Homelessness Across Texas

Attendees at the 2015 Texas Conference on Ending Homelessness in Corpus Christi earlier this month were greeted with encouraging news from Eric Samuels, Texas Homeless Network Executive Director, who opened the conference stating,  "we've nearly cut homelessness to one half of what it was 10 years ago in Texas, and almost 70% of that progress has been made over the past five years." TSAHC staff attended the conference. Below are key takeaways from the three day summit.