January 2017 Newsletter
TSAHC Recognizes Top 2016 Lenders
2016 was another great year for TSAHC's homeownership programs. In partnership with a network of dedicated mortgage loan officers, TSAHC helped 1,791 Texas families purchase a hom e in 2016 through the Homes for Texas Heroes and Home Sweet Texas Home Loan Programs. These low-to-moderate income families were able to qualify for a low fixed interest rate mortgage loan, a grant for down payment assistance and/or an annual federal tax credit to help purchase a home.

In total, TSAHC’s programs provided $209 million in mortgage loans and $8.9 million in down payment assistance grants to home buyers in 2016.  Additionally, 595 of the 1,791 families assisted were able to access a federal tax credit specifically for first-time buyers that saves them up to $2,000 each year on their income taxes.

Overall Top Loan Officers

TSAHC recently honored these top three loan officers for helping families purchase a home with its home buyer programs: 
Kim Lewis with Mortgage Financial Services, LLC assisted 49 home buyers in 2016, originating more than $7 million in mortgage loans.  Ms. Lewis has been the top TSAHC loan officer eight years in a row!

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Stacy Schriever with NTFN, Inc. dba Premier Nationwide Lending assisted 33 home buyers in 2016, originating more than $4.9 million in mortgage loans. This is the first year that Ms. Schriever has been recognized as a top TSAHC loan officer.

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Connie Tharp with Hometrust Mortgage assisted 29 home buyers in 2016, originating more than $4 million in mortgage loans. This is Ms. Tharp’s first year to receive an award as a top TSAHC loan officer.

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Overall Top Mortgage Companies

TSAHC would also like to acknowledge the top mortgage companies who participated in TSAHC's home buyer programs in 2016:

Assisted 206 home buyers, totaling more than $27.4 million in mortgage loans.


Assisted 192 home buyers, totaling more than $28.3 million in mortgage loans.


Assisted 146 home buyers, totaling more than $20.3 million in mortgage loans.
 
TSAHC Receives $1,000 Contribution
from Trademark Media
TSAHC would like to recognize Trademark Media, a web design and development company based in Austin, Texas, for their generous $1,000 contribution to support our mission to serve the housing needs of low-income and underserved Texans . We will apply the contribution to our Texas Foundations Fund program that provides grants to nonprofits to support housing services for very low-income Texans.
Find an Affordable Communities of Texas
Property on Our New Web Page
In an effort to make our Affordable Communities of Texas (ACT) properties easier to explore, we have combined all of the ACT properties available for sale or development on one web page.

You can sort listings by property type (land or home) and locate properties by county. We encourage nonprofit and for-profit developers interested in ACT properties to check out this new feature and contact us if you are interested in a listed property.     
TSAHC is Hiring
TSAHC is hiring a Single-Family Program Specialist to contribute to the expansion and continued success of TSAHC's home buyer programs. The Single-Family Program Specialist will work in our Austin office under the supervision of the Director of Homeownership Programs.  Click here for a complete job description and information on how to apply.
Upcoming Events
February 2 at 10:00 a.m. - National Industry Standards for Homeownership Education and Counseling webinar for housing counselors. Cormac Molloy with NeighborWorks 
America will discuss the importance of the National Industry Standards for 
Homeownership Education and Counseling. Registration

February 7 at 10:00 a.m. - Monthly webinar for REALTORS® and housing counselors on TSAHC Homeownership Programs. Registration

February 7 at 11:30 a.m. - "Overcoming the Down Payment Hurdle" class in Brownwood, Texas. The free, interactive session provides one credit of mandatory continuing education for REALTOR S® (CE). More Information and Registration

February 16 at 10:00 a.m. - "Overcoming the Down Payment Hurdle" class in Austin, Texas. The free, interactive session provides one credit of mandatory continuing education for REALTOR S® (CE). More Information and Registration   
Below are January 2017 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.  
Staff Spotlight: An Interview with Melinda Smith
This week, we are spotlighting Melinda Smith, TSAHC's Chief Financial Officer. Melinda oversees our accounting team and ensures TSAHC complies with required financial reporting and auditing. Melinda joined TSAHC as our CFO in 2001.  Read our interview with Melinda to get to know her a little better.
Who Really Pays for Affordable Housing?
A frequent question about affordable housing is who pays for it and how. A common assumption is that taxpayers foot the bill for the construction of affordable rental housing or rents for residents that live there. In reality, that's not always true. In this entry, we will look at some of the common ways affordable housing is paid for and specifically the role subsidies play to help provide clarity.
Five Tough Questions to Ask Yourself Before You Buy a Home
Purchasing a home is undoubtedly one of the biggest financial decisions you’ll ever make. You can pave the road ahead by making sure to honestly evaluate all of the costs and responsibilities of homeownership before you buy. Think you're ready to buy a home? Before taking the plunge, ask yourself the following questions.
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