Financing Affordable Housing Development

The Texas State Affordable Housing Corporation presents for public comment its draft of the Replacement Reserve Guidelines. A copy of the Replacement Reserve Guidelines may be found by clicking here. The public comment period for the Corporations Replacement Reserve Guidelines is Friday, November 27, 2009 through December 4, 2009.

Written Comment may be sent to Joshua Schirr, Manager of Asset Oversight and Compliance at 2200 E. Martin Luther King Jr. Blvd Austin, TX 78702 or by email at jschirr@tsahc.org.

Overview

The Corporation provides a wide variety of financial tools to build better housing for working families across the State of Texas. Our goal is to partner with experienced nonprofit and for-profit affordable housing developers to preserve and increase the supply of quality multifamily and single family housing for income eligible families and individuals.  Here is a summary of our programs.

The Affordable Communities of Texas (the “ACT”) program strives to stabilize neighborhoods and communities facing high rates of foreclosure by using land banking and land trust strategies to stabilize home values, preserve affordable homes and increase the supply of permanent affordable housing. The ACT initiative draws its design and policies from similar programs initiated by municipalities and states around the U.S. For more information about the Affordable Communities of Texas initiative click on the link included on this page.

The Corporation is authorized to issue tax exempt bonds through our Multifamily Private Activity Bond and 501(c)(3) Bond programs.  Each year we identify critical housing needs in Texas and release a request for proposals (“RFP”) to award bond issuances under these programs. For more information about the Multifamily Private Activity Bond, or 501(c)(3) Bond programs click on the links included on this page.