TDHCA Awards $7M Through Housing Trust Fund, HOME Program

Tuesday, August 28, 2001 - 1:45am

The Texas Department of Housing and Community Affairs awarded $7 million in funding to 30 not-for-profit and for-profit housing entities through its Housing Trust Fund and the HOME Investment Partnership Program. $3.2 million was allocated to 13 housing entities that will create or preserve 1,182 units of affordable housing in 12 Texas cities. Another 13 were awarded a total $562,000 to obtain technical assistance for increasing their ability to produce affordable housing efficiently and effectively. $1.9 million was awarded to four developers for the preservation of 165 units of affordable or subsidized rental housing through acquisition or acquisition and rehabilitation of existing affordable multifamily properties.