TSAHC Newsletter | August 2017

August 2017 Newsletter

Congrats to the Latest Texas Statewide

Homebuyer Education Program Participants

TSAHC would like to congratulate the housing counselors who successfully completed the Texas Statewide Homebuyer Education Program July 24th - 28th in Dallas. The 51 housing counselors who completed the training represent 38 organizations in 23 cities across Texas, and we're proud to say that 100% of them would recommend the training to others.

TSAHC partnered with the Texas Department of Housing and Community Affairs, the state agency legislatively responsible for the program, to provide this training.

Thank you to our sponsors, recognized below, and the education provider, NeighborWorks America , for making this training a big success. Thanks to our sponsors' support, TSAHC was able to subsidize 90% of each counselor’s tuition fees and provide 31 hotel scholarships for counselors traveling from out of town.

MORE INFORMATION ON THE TEXAS STATEWIDE HOMEBUYER EDUCATION PROGRAM

Texas Housing Impact Fund

Investment Report Now Available

TSAHC is pleased to make available an Investment Report for the Texas Housing

Impact Fund (Impact Fund). Launched in 2003, the Impact Fund offers short and

long-term financing for the development, acquisition, and rehabilitation of affordable

rental or homeownership developments across Texas.

This is the first Investment Report TSAHC has created for the Impact Fund. It includes data about the Impact Fund's activity from its inception in 2003 through August 1, 2017.

READ THE TEXAS HOUSING IMPACT FUND INVESTMENT REPORT

Upcoming Events

September 8 - 11 - Texas REALTORS® Conference in Dallas at the Hilton Anatole. TSAHC will be at Booth 610 at the Trade Expo on September 10 from 10:30 a.m. to 6:00 p.m. as part of the conference. More Information

September 15 from 1:00 to 2:00 p.m. - "Overcoming the Down Payment Hurdle" class hosted by the San Antonio Board of REALTORS® (SABOR). The free, interactive session provides one credit of mandatory continuing education (CE) for REALTORS®.

SABOR Members: Register here . Non-SABOR Members: Register here .

Below are August 2017 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.

What Home Buyer Hopefuls Want From Agents and Lenders

In a new Down Payment Resource survey of 750 future home buyers, 85 percent said they were looking to buy a home in the next six months. But while the current median down payment for a first-time buyer is only 6 percent, 65 percent of respondents said they think it will be moderately to extremely difficult to save for a down payment.

How Commuting Costs Can Drive Up Housing Costs

Housing affordability is generally measured as a percentage of income spent on housing costs. According to the US Department of Housing and Urban Development, a household is considered cost-burdened if it spends more than 30% of its income on housing.

Homeownership Rate Declining For Everyone Except Older Americans

In 2009, the U.S. homeownership rate stood at 71%. Since then, it has fallen to 63% with declines spanning every region of the country and including almost every age demographic according to a recent Gallup report.

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