COVID-19 Resources and More News from TSAHC

March 2020 Newsletter

COVID-19 Resources and Information

We're committed to the health and well-being of our partners and the community. In that spirit, we created a resources page on our web site to share resources related to the ongoing COVID-19 threat with an emphasis on housing and nonprofit information. We will update this page regularly.

Also, please note that TSAHC staff are currently working remotely and will continue to do so until further notice. While our physical office is closed, we're still open for business. All TSAHC staff remain available by phone and email during normal business hours, and our programs will continue to operate. We are reaching out to our partners via email to keep them updated on any necessary modifications to our programs and services.

TSAHC Announces

2020 Lender Advisory Council

We're excited to introduce the members of our 2020 Lender Advisory Council (LAC), comprised of some of TSAHC's top performing loan officers. The LAC meets quarterly to share their thoughts about TSAHC, its programs and services, and the ways that TSAHC can better meet the needs of Texas home buyers.

The 2020 LAC is comprised of the following members:

Josh Allyn

Gateway Mortgage Group

Supreme Lending

Guild Mortgage

Guild Mortgage

Cardinal Financial Company

Dina Pierson

Supreme Lending

Alex Salinas

EFastFunding, a Division of Gold Star Financial Group Corp

Stacy Lynn Schriever

Premier Nationwide Lending

Connie Tharp

Hometrust Mortgage

Rick Wegmann

Supreme Lending

We want to thank our new LAC members for their participation and for helping to shape TSAHC's programs and homeownership in Texas!

More Information on the Lender Advisory Council

TSAHC Receives

$5,000 Grant from Insperity

We want to extend a big thank you to Insperity for their $5,000 grant which will support our new Permanent Supportive Housing (PSH) Institute. This new initiative will provide training to nonprofit developers interested in building PSH units. PSH provides service enriched affordable housing to help the most vulnerable individuals and families lead more stable lives. Thank you Insperity for your continued support!

Below are March 2020 excerpts from On the House , a blog TSAHC launched in 2014 on affordable housing topics. We invite you to drop by On the House as we explore important issues, provide an inside look into our programs, and share other valuable resources.

How Community Land Trusts Can Provide Generational Affordability

As housing prices continue to escalate quickly, more communities are turning to innovative solutions to make housing affordable for low to moderate-income households. One such solution is the Community Land Trust (CLT), a model that allows for a community-controlled organization to own land and then sell or rent the housing on that land to lower-income households.

Minnesota Public Radio (MPR) recently profiled Minneapolis' use of CLTs to address housing affordability. There are 13 CLTs in and around Minneapolis.

Top 3 Tips for Buying a Home with Student Loan Debt

A recent Bankrate.com survey shows that, even as millennials grow older, 61% of them still don’t own a home. And nearly 25% of them state that the reason is their student loan debt.

This debt makes it harder for millennials to save for a down payment on a home, and it creates a higher debt-to-income (DTI) ratio for the potential home buyers.

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