August 2019 Newsletter
Register for the Texas Rural Rental Housing
Buyer & Seller Conference
October 2 & 3 | Federal Reserve Bank of Dallas
TSAHC is partnering with the entities listed below to host the Texas Rural Rental Housing Buyer & Seller Conference October 2nd and 3rd in Dallas. The event will bring together major stakeholders necessary to preserve USDA Rural Development Rental Housing. Participants will explore financing sources and preservation case studies through valuable information sessions.

Existing owners will have the opportunity to explore preservation strategies. Interested buyers will have the opportunity to connect with sellers to begin a conversation about potential opportunities to preserve existing properties.
The Texas Rural Rental Housing
Buyer & Seller Conference is Brought to You By:
HEART Program Updates:
New Awards and Technical Assistance Application
The HEART program, created by TSAHC and Enterprise Community Partners, provides grants and technical assistance to nonprofits providing housing assistance to families displaced or otherwise affected by Hurricane Harvey. 

To date, the program has provided $1.95 million to 38 nonprofit organizations in grant awards over two phases . We're pleased to announce our latest awards.
Accepting Applications for
Individualized Technical Assistance

As mentioned above, the HEART program provides technical assistance to grantees to help build organizational capacity. To that end, HEART grantees are currently invited to apply for up to $5,000 for individualized technical assistance or to attend a training program.

Contact Michael Wilt if you are a HEART grantee interested in this funding opportunity. The deadline to apply is Friday, September 6, 2019 at 5:00 p.m.
Texas Housing Impact Fund 2019 Investment Report
Now Available
We're pleased to share our latest 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 our third Investment Report for the Impact Fund, and it highlights 2018 activities.

Special thanks to Austin Community Foundation for allowing us to spotlight them, the investment they made through FundATX , and its impact on housing in Austin.
TSAHC Issues RFPs for Legal Services
TSAHC recently issued Requests for Proposals  (RFPs) to identify and contract for the following legal services:


Entities that provide these services are encouraged to apply and must submit all materials listed in the RFP. Entities may respond to more than one RFP but must do so separately. Responses are due by  Friday, September 6, 2019   at 5:00 p.m. and must be submitted electronically in PDF format to Michael Wilt .
 
Contact Michael Wilt with any questions concerning the RFPs. 
Upcoming Events
September 11 in Dallas - "Overcoming the Down Payment Hurdle" class hosted by Supreme Lending. This free session provides one credit of mandatory continuing education (CE) for REALTORS® .  Register Here

September 12 - 14 in Fort Worth - Texas REALTORS® Conference Register Here

September 18 in Conroe - "Overcoming the Down Payment Hurdle" class at the Conroe Chamber of Commerce. This free session provides one credit of mandatory continuing education (CE) for REALTORS®.  Register Here

September 24 in Richland Hills - "Overcoming the Down Payment Hurdle" class hosted by Guild Mortgage. This free session provides one credit of mandatory continuing education (CE) for REALTORS®.  Register Here

October 2 - 3 at the Federal Reserve Bank of Dallas - Texas Rural Rental Housing Buyer & Seller Conference Register Here

October 8 - 10 in Houston - The Texas Conference on Ending Homelessness Register Here
Below are August 2019 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 Affordable is Housing Near Major Universities?
It's back to school season, and college students around the nation are finalizing class schedules, buying textbooks, and exploring their future career options. And for many students, going back to school also means finding an affordable place to live near campus. But depending on where their college is located, finding affordable housing can be a challenge. 
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Staff Spotlight: An Interview with Frank Duplechain III
Every quarter TSAHC spotlights a staff member or partner to help our readers get to know our mission and industry a little better. This week, we are spotlighting TSAHC's Homeownership Programs Specialist, Frank Duplechain III. 

Frank joined TSAHC in 2018 as a Homeownership Programs Specialist. In his time here at TSAHC, his role has included hosting classes around Texas to help REALTORS® and lenders learn about TSAHC's programs, fielding program questions from homebuyers, lenders, and REALTORS®, and managing the contracts for companies applying to participate in TSAHC's programs. 
Grocery Stores Rank #1 Most Desired Living Amenity
This past May, the United States Federal Reserve released its  2018 Survey of Household Economics and Decisionmaking (SHED)  report, detailing the economic well-being of American households. In it, 87 percent of respondents stated that having a grocery store near their residence ranked as being “moderately or very important.” Meaning, grocery stores are the #1 most-desired amenity to have near a place of living.
Should You Choose a Down Payment Grant or 2nd Lien? That is the Question.
If you’re trying to buy a home (or hope to in the near future), you should know that Texas has several home buyer programs that can help you with your down payment.
 
Some programs offer the down payment assistance (DPA) as a grant (a gift that doesn't have to be repaid), while others offer it as a 2nd lien (a loan that has to be repaid). 
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