TDHCA

TDHCA has helped finance the development of more than 2,000 affordable rental properties providing safe, decent housing to income eligible individuals, families and seniors across the state. If it weren’t for these rental properties, many of Texas households would have severely limited choices regarding where they live

AUSTIN, TX - July 30, 2012 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced it has allocated $48.6 million in housing tax credits to developers of affordable rental properties, helping increase housing choices for the state’s growing population of younger working families and senior citizens.

AUSTIN, TX - August 3, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that it will finance the development of 38 affordable rental properties throughout the state that will combine an affordable rent with the aesthetic qualities of high-end developments. These properties will expand housing options for the state’s growing population of retirees and younger working families while generating a significant impact on the economy.TDHCA will provide $39.5 million in financing through the 2011 Housing Tax Credit Program allocation cycle, helping create an estimated 3,457 units of affordable rental housing designed to serve Texans earning no more than 60 percent of the area median family income.

AUSTIN, TX - July 18, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a series of major funding awards designed to help homeless Texans secure permanent housing and strive toward self-sufficiency, bringing greater stability to individuals and the communities in which they live.TDHCA awarded a total of $4.9 million in federal funds to 44 nonprofit organizations renovating or converting buildings for use as emergency shelters, as well as to help provide an array of essential services to homeless individuals.

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- Del Valle resident Leticia Leal in May helped make state housing history when she became the first homebuyer assisted through an innovative pilot program offered by the Texas Department of Housing and Community Affairs (TDHCA). The new program provides up to $20,000 in down payment and closing cost assistance in conjunction with a mortgage loan originated through a conventional lender.

AUSTIN, TX - July 1 30, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) used the occasion of June’s national designation as Home Ownership Month to name its “Lenders of the Year” and “Loan Officers of the Year” in recognition of the important role lenders play in helping increase home ownership opportunities for Texans through state-sponsored homebuyer programs.

AUSTIN, TX - June 17, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that the state has secured a $619,696 federal grant that will significantly further its efforts to reduce the number of home foreclosures across Texas and help stabilize families, declining home values, and local government coffers.The grant, awarded through the National Foreclosure Mitigation Counseling (NFMC) Program – Round 5, will provide counseling to potentially as many as 1,500 Texas homeowners in or facing a home foreclosure and help them avoid foreclosure

AUSTIN, TX - May 10, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $190,2651 award to a Houston-based nonprofit housing finance agency assisting eligible residents in eight southeast Texas counties and 11 cities purchasing a home of their own, providing greater stability to area low income families and a shot in the arm to the local economy.TDHCA made the award through its HOME Investment Partnerships (HOME) Program to the Southeast Texas Housing Finance Corporation (SETHFC), which the organization will use to provide nine households with down payment and closing cost assistance and helping them achieve the American Dream of homeownership.

AUSTIN, TX - May 6, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced two awards totaling $787,000 to the City of Center to help promote and maintain homeownership while providing a shot in the arm to the local economy.TDHCA awarded the city $265,000 in homebuyer assistance funds which it will use to provide down payment and closing cost assistance to help an estimated 10 eligible residents purchase a home of their own.

AUSTIN, TX - May 4, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) has announced a $3.3 million Continuum of Care grant to Texas which will directly fund seven local organizations providing housing and supportive services to an estimated 246 homeless individuals or those at risk of homelessness, helping to transition them out of poverty and toward self-reliance.

AUSTIN, TX - January 21, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $345,000 award to the City of McKinney to assist eligible residents with the purchase of their first home, providing greater stability to area low income families and a shot in the arm to the local economy.City officials estimate that the award will help provide 30 local residents with down payment and closing cost assistance, helping them achieve the American Dream of homeownership.

AUSTIN, TX - January 20, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $480,000 award to the City of Clarksville to fund home repairs for low income homeowners, helping residents maintain homeownership while providing a shot in the arm to the local economy.City officials anticipate the funds will help rehabilitate six homes owned and lived in by income-eligible households.

AUSTIN, TX - January 20, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a major funding award to a regional nonprofit organization to assist eligible low income residents of four communities in Coryell, Gregg, and Henderson counties obtain safe, decent rental housing, helping set them on the path toward self-sufficiency.TDHCA awarded $220,464 in rental assistance funds to Affordable Caring Housing, Inc., a nonprofit housing organization headquartered in College Station. The organization will use the funds to help a total of 20 low-income households living in the cities of Athens, Copperas Cove, Gatesville, and Kilgore secure housing and meet their monthly rent payments

AUSTIN, TX - January 17, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) this week released $45 million in mortgage credit certificate authority through its Texas Mortgage Credit Program, an innovative homebuyer program that makes homeownership more affordable by providing a dollar for dollar reduction of a borrower’s tax liability, not to exceed $2,000 annually.The credit authority will allow the Department to provide tax credits on approximately $150 million worth of mortgage loans, which it estimates will help approximately 1,000 eligible households purchase a home of their own once they complete a certified homebuyer education class.

AUSTIN, TX - November 24, 2010 - (RealEstateRama) -- The spirit of Thanksgiving was definitely in the air today as state and local elected officials gathered in Orange to join the Texas Department of Housing and Community Affairs (TDHCA) in celebrating the grand opening of a new housing development in the historic Navy Park district financed with $3.4 million in federal hurricane disaster recovery funds from TDHCA.The grand opening of Orange Navy Homes II gives 36 low income families much to be thankful for this holiday season: A decent, high-quality home environment that fits the household budget.

AUSTIN, TX - August 5, 2010 - (RealEstateRama) -- Texas Department of Housing and Community Affairs (TDHCA) today announced statewide funding awards to help finance the development of high quality rental properties offering reduced rents yet with an attractive design to blend seamlessly within the community.

AUSTIN, TX - July 19, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) has announced a $5.2 million Continuum of Care grant to Texas which will fund seven organizations providing or furthering housing and supportive services for homeless families and individuals, or those at risk of homelessness, helping to transition them out of poverty.

AUSTIN, TX - July 8, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a $37,500 award to help a regional community development organization access federal grant funds and enhance homeownership for low income residents in a six-county service area.

AUSTIN, TX - July 9, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) and State Senator Eddie Lucio, Jr. today announced a $49,500 award to help a local nonprofit housing organization access federal grant funds and enhance homeownership for low income residents in Cameron and Willacy counties.

AUSTIN, TX - June 28, 2010 - (RealEstateRama) -- Recognizing the importance of its lender network in meeting its goal of increasing homeownership rates among Texans of all income levels, the Texas Department of Housing and Community Affairs (TDHCA) today announced its “Lenders of the Year” and “Loan Officer of the Year” awards for their participation in and support of TDHCA’s homeownership programs.