TSAHC Newsletter | February 2019

February 2019 Newsletter

TSAHC Awarded $3.75 Million Grant from

Capital Magnet Fund

Earlier this month, the U.S. Department of Treasury announced that 38 organizations nationwide were awarded $142.9 million in grant funding through the Capital Magnet Fund . TSAHC is proud to announce that we received one of these awards in the amount of $3.75 million.

The Capital Magnet Fund provides competitively awarded grants to CDFIs and non-profit housing organizations to finance affordable housing activities, community development activities, and community service facilities. Since its inception, the fund has created 13,316 affordable homes and generated $1.8 billion in private and public leveraged funds.

We look forward to using our Capital Magnet Fund award to finance affordable rental developments through our Texas Housing Impact Fund .

TSAHC Joins Partners in

AHA! at Briarcliff Groundbreaking Event

On February 22nd, TSAHC joined a dynamic group of partners to celebrate the groundbreaking of the AHA! at Briarcliff apartments in Central East Austin. This development will provide 27 affordable and accessible rental homes to low- and extremely low-income households. Half of the homes will be adaptable for persons with disabilities.

Thanks to investments from Austin Community Foundation's FundATX and Texas Capital Bank , TSAHC committed $995,000 to Accessible Housing Austin! to help finance the construction of the development. We would like to thank TSAHC Board Member Lori Cobos for delivering remarks on behalf of TSAHC at the groundbreaking ceremony.

Thank You for Supporting TSAHC

TSAHC would like to thank and recognize the following for their generous contributions. The donations will support Housing Connection , a TSAHC initiative that provides training opportunities to nonprofit housing counselors and affordable housing developers.

$1,000 Donations

Victor Owens

TSAHC-Approved Lender

Upcoming Events

March 1 in Austin - "Housing + Equitable Communities: Building with Purpose" summit hosted by HousingWorks Austin and the Federal Reserve Bank of Dallas. More Information and Registration

March 3 - 5 in San Antonio - "2019 Texas Community Development Conference" hosted by the Texas Association of Community Development Corporations More Information and Registration

March 5 - 6 in San Antonio - "Texas Opportunity Zone Summit" hosted by the Texas Association of Community Development Corporations More Information and Registration

March 5 in Pharr - "Overcoming the Down Payment Hurdle" class hosted by Lone Star National Bank. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

March 7 in Tomball - "Overcoming the Down Payment Hurdle" class. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

March 12 in Galveston - "Overcoming the Down Payment Hurdle" class hosted by Premier Nationwide Lending. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

March 19 in Dallas - "Overcoming the Down Payment Hurdle" class hosted by Supreme Lending. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

March 19 in Bastrop - "Overcoming the Down Payment Hurdle" class. The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®. Register Here

Below are February 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.

Protect Your Home from those April Showers

Spring is officially around the corner, and the changing seasons can often bring storms, some of them severe. Storms can turn your backyard into a mud pit and wreck your morning commute, but they can also cause severe damage to your home.

Introducing New Tools to Help Explain the Benefits of a Mortgage Credit Certificate

It's tax season which means this is the time of year we like to promote our Mortgage Credit Certificate (MCC) program. In simplest terms, the MCC is a mortgage interest tax credit that saves home buyers up to $2,000 off their federal income taxes every year.

The Future of Housing for the Older Population

In the United States today, more than 50% of households are headed by individuals over the age of 50. A recent study by the Harvard Joint Center for Housing Studies found this to be in large part due to an increase in baby boomer households, those aged 65-74. Between 2011 and 2016, they grew to over 17 million households.

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