1. Loan and Grant Programs Texas State Affordable Housing
Presented by:
      David Danenfelzer, Senior Director
Texas State Affordable Housing Corporation

2. TSAHC Loan and Grant Programs
Texas Foundations Fund
Texas Housing Impact Fund

3. Texas Foundations Fund
Matching grant program for nonprofit partners that meet certain threshold requirements.
Nonprofits can apply to be a partner every two years
25 partners were selected for the cycle
Total grant funding in 2016 was $302,500, and total grant funding in 2017 was $318,000
Eligible activities are:
accessibility modifications and/or critical repair of single family homes
supportive housing services at multifamily rental properties.
Funds must serve individuals or families at or below 50% of Area Median Family Income (AMFI), with emphasis on serving rural communities and persons with disabilities.

4. Texas Foundations Fund
Since 2008, awarded nearly $3 million in grants to nonprofits, who have assisted nearly 10,000 individuals and families.
Critical Repairs Include:
31 Interior Accessibility Modifications 2 Lead-Based Paint Removals
43 Disaster Relief Repairs 8 Home Reconstructions
31 Roofs Health and Safety Repairs
11 Room Additions 48 Wheelchairs Ramps
Supportive Housing Services provided:
6,772 Single Adults Families with children
20 Youth Aging Out of Foster Care

5. Texas Housing Impact Fund
Perm Loans
For multifamily
properties and
single-family rental
portfolios requiring
long-term financing.
Gap financing on
larger developments.
Construction Loans
For new construction and rehab developments.
Gap or bridge financing on larger developments
Revolving Lines of Credit
Construction or rehab of affordable for-sale single-family homes, condos, etc.
Funds can be drawn down and reused on multiple units during loan term.

6. Texas Housing Impact Fund
Perm Loans
Up to $3 Million
5 to 15 Year Agreement
Fixed Interest Rate
Construction Loans
Up to $2 Million
24 Month Agreement
Fixed Interest Rate
Revolving Lines of Credit
Up to $1 Million
24 Month Agreement
Fixed Interest Rate

7. Texas Housing Impact Fund
Perm Loans
Rural Impacts –
366 Units financed in 8 properties. Avg. size of property is 45 units.
Most properties mixed financing with bonds or USDA.
Construction Loans
Rural Impacts –
Most properties converted to perm after rehab or construction.
$6 million lent in rural areas.
Revolving Lines of Credit
Rural Impacts –
$1.9 million lent in rural communities.
63 homes rehabbed or newly built.

8. Questions?