December 2015 - In This Issue:

A Holiday Message from David Long

As 2015 comes to a close, I'd like to thank you for your partnership and support of the Texas  State Affordable Housing Corporation (TSAHC) this year.
With your support, TSAHC has grown our programs and services to help even more Texans this year, and I want to share our successes with you, the ones who made it all possible.

BBVA Compass Foundation Awards TSAHC $7,500 Grant

TSAHC would like to recognize the BBVA Compass Foundation for the generous $7,500 grant to support a week-long training workshop for nonprofit housing counselors in 2016, offered as part of the Texas Statewide Homebuyer Education Program (TSHEP). This support from the BBVA Compass Foundation will help TSAHC subsidize 90% of each counselor's tuition costs and offer scholarships to help out-of-town counselors with hotel expenses. 

TSAHC Issues Request for Proposals for
Development Partnership in Plano, Texas  

On December 14, 2015, TSAHC issued a  Request for Proposals (RFP) for developers to assist with the redevelopment of an affordable housing site in Plano, Texas. This RFP and all associated agreements will be administered under TSAHC's Affordable Communities of Texas land banking program (ACT). A copy of the RFP can be found here.   

The deadline for applications is Wednesday, February 10, 2016. If you have questions about the ACT Program, the information requested in this application, or the project site, please call David Danenfelzer at 512-477-3562 or email your questions to

TSAHC Closes on Multifamily
Bond Project in Palestine, Texas

TSAHC approved the issuance of $5,750,000 in private activity bonds to Dawson Holdings, Inc. (DHI) to acquire and renovate the Woodside Village Apartments, a 92-unit affordable housing development in Palestine, Texas. The total project cost is $10 million. Other sources of funding are tax credits, deferred developer fees and other third party debt or equity.

DHI will use the financing to preserve 92 units of affordable housing which serve households at or below 60% of the area median income. The project will preserve affordability for an additional 40 years under the terms of the proposed housing tax credit and FHA financing.

Learn more about TSAHC's Private Activity Bond program. 

TSAHC's DRAFT 2016 Annual Action Plan  
Available for Public Comment

At their meeting on Thursday, December 10, 2015, TSAHC's Board of Directors approved the publication of TSAHC's Draft 2016 Annual Action Plan for public comment. TSAHC prepares an action plan every year per a statutory requirement, and it is incorporated into the State Low Income Housing Plan.

The public comment period for the Draft 2016 Annual Action Plan is December 14, 2015 through January 22, 2016. Written comment may be sent to Michael Wilt, P.O. Box 12637, Austin, Texas 78711-2637 or by email to  

Additionally, there will be a public hearing on the plan on Thursday, January 14, 2016 at 2:00 p.m. at the Stephen F. Austin State Office Building, Room #170 (1700 N. Congress, Austin, Texas 78701).   

Click here for more details on the Draft 2016 Annual Action Plan. 

TSAHC's Financial Statements Available Online

TSAHC's Financial Statements and Independent Auditors' Report for Fiscal Year 2015 are available on TSAHC's website. Maxwell Locke & Ritter prepared the financial statements for the fiscal year which ended on August 31, 2015.

Click here for the FY 2015 Audited Financial Statements.

TSAHC is Hiring

TSAHC is hiring a Homeownership Programs Manager to develop, market and manage TSAHC's home buyer programs. The Homeownership Programs Manager will work in our Austin office and will be under the supervision of the Executive Vice President. Click here for a complete job description and information on how to apply.

Below are December 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.  

The Benefits of Preventing Eviction  
Dealing with eviction or the threat of eviction can be a harrowing experience. But more  communities are helping individuals and families avoid this nightmare by turning to eviction prevention measures as they recognize the benefits of keeping tenants in stable housing.


Want to Keep Your Savings Plan on Track this Holiday Season? Technology Can Help    
The holidays can be an expensive time of year.  According to a survey conducted by the American Research Group, the average American plans to spend $882 in gifts alone this holiday season. 

Add in the costs of food, drinks and travel, and with all the festivities, it can be easy to blow your budget and find yourself in serious debt come January. And if you are trying to buy a home, the additional expenses can derail your plans to save for the down payment.