Housing Connection
September 2018
Building communities together.

TSAHC believes in the power of education and building capacity for our nonprofit housing partners. Through our Housing Connection, we want to help affordable housing and counseling organizations access trainings, promote themselves, build capacity as well as provide a network where best practices can be shared. 
Monthly Spotlight:

On September 4th, TSAHC will roll out a new 5% down payment assistance product that offers a MUCH lower interest rate on the HFA Preferred Conventional loan. The down payment assistance will be in the form of a repayable 2nd lien with 0% interest and no monthly payments due. Stay tuned!

Mark Your Calendars:

Counselor's Corner: HUD Competencies Webinar Series

Thursday, September 13th 1:00-2:30pm CDT
Thursday, September 20th 1:00-2:30pm CDT
Thursday, September 27th 1:00-2:30pm CDT
Thursday, October 4th 1:00-2:30pm CDT
Thursday, October 11th 1:00-3:00pm CDT

Previously recorded - Available 24/7
Recent News:

Homeownership is highly beneficial for many families, offering a stable place to live, a hedge against inflation, and a way to build wealth. Most millennials have now entered peak household formation and homebuying years, yet they are becoming homeowners later and at lower rates than previous generations. What are the reasons for this trend, and can it be reversed?

Rising interest rates are putting a damper on efforts to build affordable housing across the U.S.
According to developers, rates offered by national lenders have steadily increased in the past two years. Bridge Housing, one of the largest affordable housing developers on the west coast, told the Wall Street Journal that rates for both short- and long-term debt have been on the incline.

The typical American is stressed because he or she lives paycheck-to-paycheck, saves nothing for retirement, has little financial literacy and is increasingly being asked to shoulder the costs and uncertainties of healthcare and retirement. The resulting stress can cause physical and mental health to spiral along with financial health.

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