Affordable Communities of Texas Initiative
Highlights
The Affordable Communities of Texas is celebrating the sale of its first LEED certified affordable homes in Los Fresnos, Texas. Homes were built by Community Development Corporation of Brownsville, one of our Local Partners using NSP funding for land banking.
New
TSAHC is accepting property donations from banks and individuals throughout Texas. If these properties can not be given to our local partners to provide affordable housing, TSAHC will sell them at a discount to support the efforts of our Affordable Communities of Texas Land Banking and Land Trust program. For more information, please click here.
NSP Land Banking |
NCST First Look |
ACT Land Trust |
Our NSP Land Banking program has purchased more than 300 properties in partnership with locally based nonprofits and government entities. We are currently seeking additional local partners who can help us use an additional $10 million in available NSP funding. |
In partnership with the National Community Stabilization Trust, we are offering all local partners access to our First Look foreclosed property listings. Local Partners that participate get access to properties before they are available to investors and received preferred pricing from sellers. Learn more below. |
We are currently seeking proposals from local nonprofits for Land Trust projects. Land Trusts provide long-term affordability for projects in hard to develop areas, property tax advantages and reduced holding costs for partners during the redevelopment period. Learn more below. |
NSP Land Banking
TSAHC’s Affordable Communities of Texas (“ACT”) program has up to $10 million in additional Texas NSP funding and we are actively searching for new Local Partners to target new communities and expand the reach of our program. If your local government or nonprofit organization is interested in becoming an ACT Local Partner please contact the ACT Program Coordinator, Jolene Ropiak at 512-334-2155 and download the RFQ below.
If you are interested in becoming a local partner in the ACT program please contact. Below are links to the program’s policies, application and associated materials.
Our NSP program has already purchased more than 300 homes in partnership with more than 19 local partners across the state of Texas. Take a look at some of the properties and projects we’re developing now.
First Look Program
We’re also providing access to the National Community Stabilization Trust’s First Look program of foreclosed property listings to local partners. We’ve already helped our local partners save more thousands of dollars on acquisitions and help transfer more than $300,000 in properties to local partners through the bank donations.
Here’s a list of other the benefits the First Look program can provide:
- TSAHC provides local partners exclusive access to “First Look” foreclosure listings from more than 10 national financial institutions and mortgage servicers
- TSAHC has negotiated standardized purchase agreements that meet NSP requirements
- TSAHC can assist local partners with the collection of due diligence materials and reporting to NSP funders
- TSAHC also provides interim acquisition and construction financing for qualified Local Partners.
ACT Local Partner Application
ACT Buyer’s Agent Sample MOU
ACT Land Trust
The ACT Land Trust is currently seeking proposals from Local Partners seeking to find alternatives to traditional affordable housing. Land Trust partnership will provide long-term affordability for both homeownership and rental projects. For more information on Land Trust services contact the program manager, David Danenfelzer at: ACTinfo@tsahc.org, or by phone at 512-477-3562.
Program Policies and Downloads
ACT Updated Policies
ACT Local Partner Application
ACT Buyer’s Agent Sample MOU
NSP RFP and Application
Data Resources
TSAHC is providing links to the following websites for applicants to search and download critical data that is required for their applications. If you need additional assistance please contact us.
Texas A&M Real Estate Center
American Fact Finder
U.S. Census Bureau
Policy Map
