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

TDHCA, Texas REALTORS®, Fannie Mae creating "American Dream" team

TDHCA is teaming up with the Texas Association of REALTORS® (TAR) and Fannie Mae to make the dream of homeownership a reality for more Texans than ever before. All three partners shared details on a planned educational outreach campaign at a recent news conference held at TAR's Austin headquarters.

This initiative, United Texas: Housing Initiatives That Work, includes a major effort beginning in 2005 to train the 70,000 REALTORS® in Texas on how to help first time homebuyers obtain low-cost mortgage financing. A new Web portal at www.TexasRealtors.com will link Texas REALTORS® to information about the Texas Cares down payment assistance program, low-interest financing programs such as TDHCA's Texas First Time Homebuyer Program, and Fannie Mae mortgage products (www.fanniemae.com).

TDHCA makes available approximately $200 million annually through its Texas First Time Homebuyer Program and is eager to work with this partnership to maximize both the Department's resources and the American dream. Look for additional news regarding this educational initiative in the future.