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

Funding Sources & Background

The Housing Trust Fund was established in 1991 by the 72nd Legislature, Senate Bill 546, to create affordable housing for low- and very low-income individuals and families. It is the only State-authorized source of funding for affordable housing programs. Funding sources consist of appropriations or transfers made to the fund, unencumbered fund balances, and public or private gifts or grants. The Department's Housing Trust Fund Plan details the strategy for expending the appropriations or transfers.

During the Regular Session of the 84th Legislature, the Department was appropriated additional General Revenue for the Housing Trust Fund in the amount of $11,792,500 for the 2016-2017 Biennium.

Category FY2016 FY2017 Total Biennium
Total Annual Appropriation $5,860,000 $5,932,500 $11,792,500

2016-2017 Housing Trust Fund Funding Plan

With Board approval, the Department has determined to program and expend the 2016-2017 Housing Trust Fund appropriations in the amount of $11,792,500 as follows:

2016-2017 Biennial Funds for Housing Trust Fund

Total Annual Appropriation $11,792,500
    Less 10% for Texas Veterans Commission for a Veterans
    Housing Assistance Program
    Less 10% Administration for TDHCA ($1,061,325)
Net Balance Available for TDHCA Programming $9,551,925
    Less $3M/year for Texas Bootstrap Program* ($6,000,000)
    Less $1,525,962.50/year for Amy Young Barrier Removal Program ($3,051,925)
    Less $250,000/year for Contract for Deed Conversion
    Assistance Grants
Total Remaining to be Programmed $0

*Per Section 2306.7581 (a-1) of the Texas Government Code, at least $3,000,000 each state fiscal year is required.

Historical Plans