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

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 Regular Session of the 83rd Legislature, the Department was appropriated additional General Revenue for the Housing Trust Fund in the amount of $11,825,000 for the 2014-2015 Biennium.

Category FY2014 FY2015 Total Biennium
Total Annual Appropriation $5,900,000 $ 5,925,000 $11,825,000

2014-2015 Housing Trust Fund Funding Plan

Based on public input, the Department has determined to program and expend the 2014-2015 Housing Trust Fund appropriations in the amount of $11,825,000 as follows:

2014-2015 Biennial Funds for Housing Trust Fund

Total Annual Appropriation $11,825,000
    Less 10% to TVC for a Veterans Housing Assistance Program ($1,182,500)
Net Balance for TDHCA $10,642,500
    Less 10% Admin for TDHCA ($1,064,250)
Net Balance Available for TDHCA Programming $9,578,250
    Less $3M/year for Texas Bootstrap Loan Program* ($6,000,000)
    Less $1,789,125/year for Amy Young Barrier Removal ($3,578,250)
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