fACTs from TSAHC

fACTs: A Newsletter for

Affordable Housing Developers

The fACTs newsletter periodically provides information and resources to help Texas developers improve and enhance their programs. Originally targeted to developers participating in TSAHC's ACT program, we recently expanded the audience to include all developers in our network.

TSAHC is Searching for

New Properties

TSAHC is searching for new property to acquire as part of its ACT land bank program. We are also seeking new partnerships with local housing developers to expand affordable homeownership opportunities for low and moderate-income households.

Once properties are acquired by TSAHC, TSAHC will contract with local housing developers to finance the redevelopment of the property. When the home is complete, the local housing developer will assist in identifying an income and mortgage eligible household at or below 80% of the area median family income for the home sale.

Target counties include Bexar, Atascosa, Webb, Hidalgo, Cameron, and Val Verde, though other counties may be considered on a case-by-case basis.

If you are interested in learning more about this partnership program and have identified a property for ACT land bank consideration, please visit our website and contact staff at actinfo@tsahc.org.

LEARN MORE ABOUT PROPERTY ACQUISITIONS

The Latest News on

the Federal Eviction Moratorium

On July 31st, the federal moratorium on evictions ended without an extension. The news was discouraging to housing advocates that had hoped for an extension as COVID-related risks are elevating once again.

On August 3rd, the Biden administration announced a new, 60-day eviction moratorium order handed down by the Centers for Disease Control (CDC) that applies to areas of the country "experiencing substantial and high levels of community transmission" of the COVID-19 virus, particularly the Delta variant. It's estimated that this new moratorium will apply to 90 percent of Americans that rent.

You can reference the CDC's web site to see which counties are experiencing a high or substantial level of community transmission. The new moratorium provides protections against renters so long as their community remains in that high or substantial threat level.

If a community's risk is reduced, the moratorium will no longer apply to that area. Conversely, if a community is experiencing low or moderate levels of risk, but then there's an increase in cases that puts them into the high or substantial threat level, then the moratorium protections will apply.

The new moratorium is set to expire on October 3rd.