Texas veterans of Afghanistan, Iraq wars to receive essential housing assistance
Texas may soon repay veterans disabled in recent overseas conflicts for their sacrifices with decent, affordable housing through a pioneering program that will provide $1 million in rental and homebuyer assistance to help low income veterans make the transition from military to civilian life.
TDHCA will provide these funds through its Housing Trust Fund, Texas' only state-authorized affordable housing initiative.
The program, which is still in the early stages of development, will provide rental subsidies and homeownership assistance for veterans earning no more than 80 percent of the area median family income. Rental assistance will be available for disabled veterans transitioning from VA hospitals and other care facilities; or veterans leaving military service transitioning to civilian life. Assistance will be available for up to three years and will be calculated based on income.
Homebuyer assistance will be available in the form of a one-time deferred forgivable loan up to $35,000 for down payment and closing cost assistance. Funds could also be used to make accessibility modifications such as installing ramps or accessible bathrooms and kitchens.
Priority for both programs will be given to veterans with disabilities and to those who served in recent wars in Afghanistan and Iraq.
TDHCA will issue a Notice of Funding Available later this year to alert eligible applicants to the availability of these Housing Trust Fund awards. Eligible applicants include nonprofit organizations, units of local government, public housing authorities, Community Housing Development Organizations (CHDOs), and income eligible individuals and families.
Anyone interested in this program should visit the Housing Trust Fund's web page often for additional information about the NOFA and other program developments.