September 2021 Newsletter
Important Announcement: DPA Income Limits
Increasing to 125% AMFI
On October 1st, TSAHC is implementing the following changes to our non-bond, stand-alone DPA programs: 
  • Increasing income limits to 125% AMFI for any household size
  • Increasing income limits for households purchasing in targeted areas to 140% AMFI for any household size 
  • Eliminating purchase price limits

These changes will apply to loans reserved on or after October 1st. TSAHC will release the new income limits as soon as they are available.

Please note: The income and purchase price limits for MCC and combo DPA/MCC loans will not change. These changes only apply to TSAHC's non-bond, stand-alone DPA loans.

Furthermore, this does NOT affect the 80% and below AMFI conventional products. 
Thank You to JPMorgan Chase & Co.
We would like to extend a special thank you to JPMorgan Chase & Co. for providing TSAHC with an extremely generous $50,000 grant award in support of the Texas Supportive Housing Institute.

The Institute, offered in partnership with the Corporation for Supportive Housing, provides nonprofit developers with the information, resources, and tools they need to create successful permanent supportive housing (PSH) projects in their communities. 

With this grant, JPMorgan Chase & Co. is supporting the training and technical assistance provided by the 2021 Institute, as well as the efforts made by development teams to establish PSH projects in their communities. Thank you so much for your support of TSAHC and its initiatives!
Now Available: Texas Housing Impact Fund
2021 Investment Report
TSAHC is pleased to share our latest Investment Report for the Texas Housing Impact Fund (THIF). Launched in 2003, THIF offers short and long-term financing for the development, acquisition, and rehabilitation of affordable rental or homeownership developments across Texas.

Take a glance at the developments and partners we've supported this past year by viewing the most recent report below.
Upcoming Events
October 6 - "Overcoming the Down Payment Hurdle" class hosted online. This free session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

October 12 - "Overcoming the Down Payment Hurdle" class hosted online. This free session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

October 13 - TSAHC Board Meeting at 10:30am. More information here

October 21 - "Overcoming the Down Payment Hurdle" class hosted online. This free session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

October 27 - "Overcoming the Down Payment Hurdle" class hosted online. This free session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here
Below are September 2021 excerpts from On the House, a blog TSAHC launched in 2014 on affordable housing topics. In June 2020, we launched a podcast as part of our blog. We invite you to drop by On the House or listen to our podcasts as we explore important issues, provide an inside look into our programs, and share other valuable resources.
Gen Z Study Reveals Homeownership Desires & Anticipated Obstacles
While millennials have been considered the generation of perpetual renters, it appears that Generation Z does not plan to follow in their footsteps. In a new study from Rocket Homes, 86.2% of Gen Zers ages 18-24 have their sights set on homeownership, while 45% of this group plan to own a home in 5 years’ time.

While this might seem like Gen Z has an overly optimistic outlook, the data shows they know they have their work cut out for them and see multiple potential challenges on the horizon but also very real rewards.
Staff Spotlight: An Interview with Kayla Gillaspy
We periodically spotlight a staff member or partner to help our readers get to know our mission and industry a little better.

This week, we are spotlighting Kayla Gillaspy, one of TSAHC's hardworking Single Family Compliance Specialists. As an expert on TSAHC's single family programs, Kayla reviews mortgage loan documentation and responds to questions from lenders and home buyers across the state.
What a Real Estate Agent Survey Reveals About Emerging Home Buyer Preferences
HomeLight just released its Top Agent Insights report for Summer / Fall 2021 that highlights feedback from top real estate agents. The report covers the frenetic pace of the homebuying market, how new home buyers can take care of their home, how the hybrid workweek and post-vaccine environment are shaping home buyer preferences, and other topics.
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