Texas State Affordable Housing Corporation Andrew Framsted
Austin Area DPA Programs
Texas State Affordable Housing Corporation
Texas State Affordable Housing Corporation (TSAHC) is a self-supporting, not-for-profit organization and does not receive any state funding for its operations. TSAHC was created by statute in 1994 to be operated exclusively for the promotion of public health, safety and welfare through the provision of safe, decent and affordable housing for low-income Texans and other underserved populations.
TSAHC provides a variety of affordable housing programs that range from First-time Homebuyer Programs for individuals and families to assisting in the development of affordable multifamily housing.
A Professional Educator: Defined as a full time Classroom Teacher, Teacher Aide, School Librarian, School Nurse or School Counselor employed by a public school district in the state of Texas; or a full time faculty member * of either an undergraduate or graduate professional nursing or allied health program in the State of Texas; or
A Texas Hero: Defined as a full time, paid Firefighter, Emergency Medical Services Personnel, Peace Officer, Corrections Officer, Juvenile Corrections Officer, County Jailer, or a Public Security Officer working in the State of Texas (detailed Texas Hero definitions), or
An individual at or below 80% of the Area Median Family Income (AMFI).
Additionally, a homebuyer must:
Be a first-time homebuyer, have not had an ownership interest in any principal residence during the last three years, or purchasing a home in a targeted area;
Meet standard mortgage underwriting requirements which demonstrate credit worthiness;
Occupy the purchased home as their primary residence; and
Complete a HUD approved homebuyer education course prior to closing on the home loan. To find a homebuyer education provider in your area, please click here. Once you are on HUD’s website, you can further narrow your search by entering your city and by selecting “Homebuyer Education Programs”.
Eligible Property Types
Single Family Residences
Qualified Condominium Developments
Planned Unit Developments (PUDs)
Pay stubs for the past three months and proof of any other income
Tax returns for the past three years
W-2 forms for the past three years
Recent bank statements for all your accounts
If applicable, complete rental histories since your last tax return
When working with Candy Buzan, please familiarize yourself with recapture tax provisions or click here for additional information.
The following funds are available for our first-time homebuyer programs as of July 13, 2013.
Homes for Texas Heroes
Home Sweet Texas Loan
2011A Mortgage Credit Certificate
*Funds are subject to change
Remember, you should never hesitate to ask questions. Ask Candy for any information you need to ensure you understand the entire mortgage loan process