TSAHC is pleased to make available an Investment Report for the Texas Housing
Impact Fund (Impact Fund). Launched in 2003, the Impact Fund offers short and
long-term financing for the development, acquisition, and rehabilitation of affordable
rental or homeownership developments across Texas.

This is the first Investment Report TSAHC has created for the Impact Fund. It includes data about the Impact Fund's activity from its inception in 2003 through August 1, 2017.