March 2016 Newsletter
TSAHC Approves 2016 Texas Foundations Fund Guidelines:
Applications Available Friday, April 8, 2016 

At their meeting on March 24, 2016, TSAHC's Board of Directors approved the 2016 Texas Foundations Fund guidelines. Through the Texas Foundations Fund program, TSAHC partners with nonprofit organizations across Texas to support housing services that meet critical housing needs of very low-income households in Texas.

The most notable change to the program in the 2016 guidelines is the matching grant structure. For the 2016 funding round, the Texas Foundations Fund will provide matching grants to selected partners for a specific program.

To qualify as a partner and be eligible for a matching grant, applicants will have to submit a partner application and meet certain threshold criteria. The partner application will be available on our website beginning Friday, April 8, 2016, and it must be completed and submitted online no later than 5:00 pm on Friday, June 3, 2016

For more details on this new matching grant structure and other information about the Texas Foundations Fund, we encourage you to read the approved guidelines, and sign up to receive 2016 funding cycle updates.

TSAHC Receives $2,500 Grant from Insperity
TSAHC has been awarded a $2,500 grant from Insperity to support the Texas Financial Toolbox , an online resource that connects Texans with home buyer and financial education providers in their communities. TSAHC would like to recognize and thank Insperity for supporting our mission to provide safe, decent, affordable housing for all Texans.

Attention Mortgage Lenders and REALTORS®:
Host an "Overcoming the Down Payment Hurdle" Class 

Increase your business and make quality connections by hosting an "Overcoming the Down Payment Hurdle" class. TSAHC staff will come to the venue of your choice to teach a class that provides one free TREC-approved mandatory continuing education (MCE) credit to Texas REALTORS®.

The class covers:
  • TSAHC's affordable loans with competitive rates for first-time and repeat home buyers
  • Free down payment and closing cost assistance grants up to 5% of loan amount
  • Home buyer's ability to save up to $2,000 annually in federal tax liability with our MCC program
  • Serving new markets, including teachers, police officers, correctional officers, fire fighters, EMS personnel, and veterans
  • How to connect with TSAHC-approved lenders, Texas REALTORS® and our housing counseling network
Scheduling a Class:

Please follow our guidelines when requesting a class and remember to book early!
  • Make your request a minimum of a month in advance of the class date.
  • The one-hour class should be scheduled between the hours of 9:00 a.m. - 3:00 p.m.
  • Please do not schedule a class the business day before or after a holiday.
  • We require a minimum of 30 RSVPs to hold a class.
  • We provide a personalized flyer to help you advertise the class to your contacts.
If you are interested in hosting a class, please contact Sarah Ellinor with three preferred dates and times.  

Affordable Communities of Texas-Veteran Homes
Available for Sale 

TSAHC currently has five ACT-Veteran homes  that are available at a discounted rate of 25%
off the listing price to veterans who are disabled and/or low-to-moderate income. The discount also applies to first responders who are disabled and/or low-to-moderate income. Additionally, two of the homes are available without a discount to individuals and families with household incomes at or below 80% of the area median family income.

TSAHC encourages REALTORS® and housing partners to check out our eligibility requirements and help us identify qualified home buyers for these wonderful homes!     

Below are March 2016 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.

Home Inspections: Not Just for Home Buyers  
You've probably heard that ordering a home inspection is a critical part of th
e home buying process, but did you know that inspections can be very useful for existing h o meowners too? A licensed home inspector can provide both buyers and homeowners with an unbiased report of a property's condition to inform them about health and safety issues and other defects that affect the value of a property. 

Three Texas Cities for Financially-Minded Millennials to Consider
Guest blog post by Jennifer Riner,
Are you or do you know a millennial who is considering buying a home? According to statistics compiled by Trulia in October 2015, homeownership is now 23 percent cheaper than renting for millennials across the nation. 

What You Don't Know About Farm Workers May Surprise You  
Farm workers across the nation face many uncertainties as the location and duration of their employment can be unpredictable. A National Center for Farmworker Health demographic sheet estimates there are more than 3 million migrant and seasonal farm workers in the United States including roughly 360,000 in Texas based on data from 2000.