Department of Housing and Community Affairs
Recent News About Department of Housing and Community Affairs
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TDHCA allocates $95 million in housing tax credits for affordable rental properties
The Texas Department of Housing and Community Affairs (TDHCA) has awarded nearly $95.5 million in housing tax credits to finance the development or rehabilitation of 63 rental properties across the state. These awards, part of the 2024 Competitive (9%) Housing Tax Credit (HTC) Program allocation, are expected to have a value of approximately $955 million over a 10-year term.
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TDHCA announces opening of affordable housing property in Dallas
The Texas Department of Housing and Community Affairs (TDHCA) has announced the opening of Gateway Oak Cliff, a 230-unit mixed-income property in the Oak Cliff neighborhood of Dallas. Of these units, 184 are designated for families earning 60 percent or less of the Area Median Income.
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TDHCA warns against fraudulent Section 8 housing claims circulating online
The Texas Department of Housing and Community Affairs (TDHCA) has issued a warning to Texas residents about false claims circulating online regarding the Section 8 Housing Choice Voucher Program. According to TDHCA, misleading information is being spread through social media platforms such as Facebook and various flyers, falsely stating that the “Texas Housing Authority” has opened or will soon open the waitlist for Section 8 properties across the state.
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TDHCA celebrates grand opening of affordable housing property Saison North
A new affordable housing property, Saison North, hosted a grand opening on June 5, welcoming residents and partners to its North Austin community. The income-restricted property, located at 10010 North Capital of Texas Highway, is a 2021 recipient of the 9% Housing Tax Credit. It received $1.5 million in tax credits and has an approximate value of $15 million over the 10-year term.
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TDHCA Celebrates Rehabilitation of Waco Affordable Housing Property
The Riverside Apartments in Waco have undergone a significant transformation, thanks to the support of various organizations and partners. Through the efforts of TDHCA's 4% Housing Tax Credit Program, $1.1 million in tax credits were awarded to help renovate the 152-unit property, with an estimated total value of $11 million over a 10-year term."This is a revival of pride for a community," expressed Waco Councilwoman, Andrea Barefield. "It’s the voice of residents that matter and helped restore dignity to this property and their homes."The collaborative efforts of City...
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TDHCA Adds Freddie Mac HFA Advantage® to Mortgage Options for Qualified Repeat Texas Homebuyers
The Texas Department of Housing and Community Affairs (TDHCA) has introduced the Freddie Mac HFA Advantage mortgage product to its Texas Homebuyer Program, catering to qualified first-time or repeat Texas homebuyers."TDHCA’s Texas Homebuyer Program provides a critical financial component to advancing homeownership in the state," expressed Bobby Wilkinson, TDHCA’s executive director, emphasizing the importance of the program.Wilkinson further stated, "We’re excited to now offer the Freddie Mac HFA Advantage product and give future homebuyers another favorable mortgage...
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TDHCA Resources for Wildfire Affected Texans
The Texas Department of Housing and Community Affairs (TDHCA) has announced resources available for Texans affected by wildfires. In coordination with Panhandle Community Services (PCS), TDHCA is making up to $1.2 million of federal Community Services Block Grant funds in assistance available to income-eligible households. According to TDHCA's website, eligible households must have an annual income at or below $62,400 for a family of four to qualify for the assistance.Households looking to move to affordable housing developments in TDHCA's portfolio will need to sign a...
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State Housing Agency Launches Reentry Assistance Pilot Program
The Texas Department of Housing and Community Affairs (TDHCA) has announced the launch of the Reentry Assistance Pilot Program aimed at helping formerly incarcerated individuals secure housing. The program involves four awards of $100,000 each to assist in obtaining rental housing, paying security deposits, and other reentry activities related to housing.According to TDHCA executive director Bobby Wilkinson, "TDHCA serves as an essential resource for all individuals and families seeking affordable housing." The Reentry Assistance Pilot Program will provide funding to...
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State Housing Agency Provides Financing for 300-Unit Affordable Housing in Creedmoor
The Texas Department of Housing and Community Affairs (TDHCA) has announced financing for Creedmoor Farms, a 300-unit affordable housing property in Creedmoor. The project, located at 5107 FM 1327, will provide housing affordable to local residents making at or below 80 percent of the Area Median Income."The 4% Housing Tax Credit Program is an important component to increasing the supply of quality, affordable housing in Texas," said Bobby Wilkinson, TDHCA's executive director. "With this award, nearly $3.6 million, residents in and around Creedmoor will soon have more...
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Affordable housing development in Austin hosts grand opening
A new affordable housing property in Austin, The James on Grand Avenue, held its grand opening on January 11th, welcoming current residents and area leaders. The property, located at 15701 FM 1325, is an income-restricted development that received $2.4 million in tax credits as a recipient of the 2021 4% Housing Tax Credit program. Over the course of its 10-year term, The James on Grand Avenue is estimated to be worth approximately $24 million."If you are interested in making The James on Grand Avenue your home, please contact the management office at (737) 270-8159,"...