Page 7 - Annual_Report_2016

Homeownership Programs Texas Statewide Homebuyer Texas Housing Impact Fund Multifamily Private Activity Bonds
Education Program (TSHEP)

TSAHC provides eligible home buyers with a TSAHC, in partnership with the Texas TSAHC provides low-cost loans and lines TSAHC issues tax-exempt Multifamily Private
30-year, fixed-rate mortgage loan, a grant for Department of Housing and Community of credit to local developers to finance the Activity Bonds to help housing developers
down payment assistance (DPA) and/or an Affairs, provides nonprofit housing counselors construction or rehabilitation of single construct or preserve multifamily rental units.
annual income tax credit called a mortgage with access to discounted training courses family homes or multifamily apartment
credit certificate (MCC). taught by NeighborWorks America. complexes. Multifamily developments must meet specific
1751 595 80 52 housing needs identified by TSAHC’s Board of
Directors each year.
Home Buyers Assisted in 2016 MCCs issued Counselors Trained in 2016 Organizations Trained
$209 million $8.9 million 33 100% $3,950,000 59 $28,844,000 470

in Mortgage Loans in DPA grants Hotel Scholarships Provided Counselors Recommend in Loans Provided in 2016 Homes Financed in 2016 Total Bonds Awarded in 2016 Multifamily Units Financed

Affordable Communities of Texas Texas Foundations Fund Single Family Rental Program Multifamily Rental Program

TSAHC partners with local nonprofit TSAHC awards matching grants to nonprofit TSAHC leases single family homes to TSAHC owns and operates Rollins Martin, a
developers to acquire foreclosed homes and partners to fund critical home repairs and low-income households at below 15-unit apartment complex in east Austin.
vacant lots from financial institutions and supportive housing services for very market-rate rents. All units are leased to households earning no
redevelop them into affordable homes for low-income households. To date, TSAHC has more than 60% of the area median income.
low-income families. awarded $2,606,000 in grants. All homes are located in theCentral Texas
area in neighborhoods with higher than TSAHC is also renovating units with new
45 4 All families and individuals assisted have a average incomes and access to good flooring, countertops and cabinets on a

Homes Sold in 2016 Veteran Home Buyers disability or live in a rural community. schools, transportion and other services. rolling basis as units become vacant.
28 309 $302,500 25 18 4 15 3
Local Partners Lots/Homes in Portfolio Total Grants Awarded in 2016 Nonprofits Awarded Single Family Units Units Added in 2016 Multifamily Units Provided Units Renovated in 2016
3 4