Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities
 

TDHCA Makes $9.5 million investment in rural Texas through 2008 HOME Program awards

Recognizing that retaining and expanding both homeownership opportunities and the availability of affordable rental housing is vital to the health of rural Texas communities, TDHCA has released $9.5 million in HOME Program awards to help approximately 600 qualifying families buy a home, secure an affordable place to rent, or repair and replace homes damaged by natural disasters.

Beyond the obvious benefits of financial independence and self-reliance to individual Texans, HOME Program funds will also create numerous construction jobs, inject much-needed payroll funds into rural economies, and significantly increase the tax base available to 36 local city and county governments.

Funded by the U.S. Department of Housing and Urban Development, the HOME Program provides grants and loans primarily to help rural communities provide safe, decent housing to Texans earning no more than 80 percent of the area median family income.