Funding Sources & Background
The Housing Trust Fund was established 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 1st called Session of the 82nd Legislature, the Department was appropriated additional General Revenue for the Housing Trust Fund in the amount of $11,700,000 for the 2012-2013 Biennium.
| Category | FY2012 | FY2013 | Total Biennium |
|---|---|---|---|
| Total Annual Appropriation | $5,850,000 | $ 5,850,000 | $11,700,000 |
2012-2013 Housing Trust Fund Funding Plan
- 2012-2013 HTF Biennial Plan (PDF)
- Amendment to Supplement the 2012-2013 HTF Plan (July 26, 2012) (PDF)
Based on public input and roundtable discussions, the Department has determined to program and expend the 2012-2013 Housing Trust Fund appropriations in the amount of $11,700,000 as follows:
2012-2013 Biennial Funds for Housing Trust Fund
| Total Annual Appropriation | $11,700,000 |
| Less 10% to TVC for a Veterans Housing Assistance Program | ($1,170,000) |
| Net Balance for TDHCA | $10,530,000 |
| Less 10% Admin for TDHCA | ($1,053,000) |
| Net Balance Available for TDHCA Programming | $9,477,000 |
| Less $3M/year for Texas Bootstrap Loan Program* | ($6,000,000) |
| Balance for Biennium for All Other HTF Programming | $3,477,000 |
*Per Section 2306.7581 (a-1) of the Texas Government Code, at least $3,000,000 each state fiscal year is required.
2012-2013 Housing Trust Fund Programs
The Department has determined to program and expend the 2012-2013 Housing Trust Fund appropriations in the amount of $9,477,000. The amended programming of funds for the 2012-2013 Plan (adopted by the Department’s Governing Board on July 26, 2012) is as follows:
| 2012-2013 Amended Use of Funds | Previous/ Current Plan |
Amended Plan |
|---|---|---|
| Texas Bootstrap Loan Program | $6,000,000 | $6,000,000 |
| Amy Young Barrier Removal Program | $1,738,500 | $1,738,500 |
| HTF Homebuyer Assistance Program | $869,250 | $369,250 |
| Affordable Housing Match Program | $869,250 | $0 |
| Texas Homeless Housing and Services Program (HHSP) | $0 | $869,250 |
| Contract for Deed Conversion Program | $0 | $500,000 |
| Total | $9,477,000 | $9,477,000 |
Historical Plans
