Housing Connection
July 2020
Building communities together.

TSAHC believes in the power of education and building capacity for our nonprofit housing partners. Through Housing Connection, we help affordable housing and counseling organizations access trainings, promote themselves, build capacity, as well as provide a network where best practices can be shared. 
Monthly Spotlight:

Housing Connection Has Been Rescheduled!

For the safety of our attendees, hosts, and instructors  Housing Connection  has been rescheduled to December 7th-11th, 2020. The courses offered will be the same, and we will give everyone the opportunity to register and apply for scholarships once again. 

The course offerings for TSAHC's 2020 Housing Connection training workshop and scholarship application may be found via the link below:

Breaking News
Mark Your Calendars:

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Week of: July 13th - 17th  10:00am - 11:30am CST

Tuesday, July 28th 12:00pm - 2:00pm CST  and 
Thursday, July 30th 12:00pm - 2:00pm CST

Thursday, July 30th 1:00pm - 2:00pm CST

Housing Connection  has been rescheduled to 
December 7th-11th, 2020. The course offerings and
scholarship application may be found via the link below:
The words Did You Know written with white chalk on a chalkboard as part of a lesson in school, training or other educational event
Recent News:

Source: GreenPath Financial Wellness

As real estate markets re-open across the country, current historically-low mortgage rates may make it seem like the perfect time to be a first time homebuyer.  For many, owning a home is a big part of the American Dream. There's a sense of pride and accomplishment in ownership. It can give you greater freedom and privacy, while also adding to your financial security.

However, purchasing a home is also a substantial responsibility and commitment-not to mention one of the largest (if not the largest) purchases you'll make in your life.  If you are a first time homebuyer, be sure not to spend more than you can afford by overlooking the "true" cost of homeownership.

Source: GreenPath Financial Wellness

In the early weeks of the pandemic, understanding the economic impact of the crisis was on the minds of  most  of us .   A specific concern was managing debt in the time of COVID.  The roll-out of forbearance programs  as part of the CARES  A ct  gave relief to millions of  households and  gave Congress time to bolster unemployment benefits and offer emergency aid to businesses.    

For those managing debt in the time of COVID, it was helpful to work with creditors to  temporarily  pause payments toward credit cards, mortgage s , auto loans, federal and private student loans  and other monthly payments .  

Source: Consumer Financial Protection Bureau

A growing number of retirees are not experiencing the expected gradual reduction in spending after they retire. This report summarizes the findings of a Bureau study into whether people who retired between 1992 and 2014 had the income, savings, and/or non-housing assets to maintain the same level of spending for at least five consecutive years after retiring. 

The study found that about half of people who retired between 1992 and 2014 had income, savings, and/or non-housing assets to maintain the same spending level for five consecutive years after retiring. In addition, the Bureau found that the ability to maintain the same spending level in the first five years in retirement was associated with large spending cuts in later years. The study helps identify ways to protect retirees from overspending their savings in early retirement.
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Jael Zelada, TSAHC Approved Lender
Southwest Funding

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