New Fund Launched to Support Predevelopment Activities for Central Texas Affordable Housing Projects
Austin, Texas, June 23, 2020 (GLOBE NEWSWIRE) -- The Texas State Affordable Housing Corporation (TSAHC) has announced a new pilot program that allows nonprofit affordable housing organizations located in Travis, Williamson, Bastrop, Hays, and Caldwell counties to seek financing for early stages of proposed affordable housing developments.
- Austin, Texas, June 23, 2020 (GLOBE NEWSWIRE) -- The Texas State Affordable Housing Corporation (TSAHC) has announced a new pilot program that allows nonprofit affordable housing organizations located in Travis, Williamson, Bastrop, Hays, and Caldwell counties to seek financing for early stages of proposed affordable housing developments.
- This predevelopment fund, made possible by financial support from Austin Community Foundations FundATX impact investment program, aims to provide assistance to small-scale or neighborhood-oriented community organizations.
- These entities commonly lack the resources required to fund predevelopment activities on housing projects that meet critical needs in their service area.
- The Texas State Affordable Housing Corporation (TSAHC) is a statewide 501(c)(3) nonprofit organization created at the direction of the Texas Legislature to serve as a self-sustaining, statewide affordable housing provider.