FOR IMMEDIATE RELEASE
August 5, 2010
Contact: Gordon Anderson 512-475-4743
Jill McFarren 512-475-2844
State housing agency awards $125,000 to Dallas nonprofit to help leverage funds, fight homelessness
(AUSTIN) — (AUSTIN) — The Texas Department of Housing and Community Affairs (TDHCA) today announced a $125,000 award providing a local nonprofit organization with matching funds, helping it meet its goal to maintain and operate 60 multifamily rental units serving extremely low income households.
The award announced today was made to Family Gateway of Dallas, a nonprofit agency providing housing and comprehensive services to families with children experiencing homelessness. Family Gateway will utilize the award as matching funds to apply for $125,000 in additional funds through the private Rees-Jones Foundation. The award could potentially help Family Gateway leverage a total of $523,235 from all funding sources.
“TDHCA is committed to increasing the ability of our nonprofit housing partners to develop affordable housing and meet their mission in service to low income residents of Dallas,” said Michael Gerber, TDHCA Executive Director. “We are very excited about the potential for this new funding program as it provides our housing partners the tools to increase affordable housing, resources they otherwise might not have the opportunity to access.”
The award was made through the Affordable Housing Match Program, a new initiative part of TDHCA’s Housing Trust Fund. The program’s mission is to provide Texas-based nonprofit organizations, Community Development Financial Institutions, and rural cities and counties the direct match funds needed to apply for other sources of housing funds that, without the required direct match, may otherwise not be obtained.
The Housing Trust Fund is Texas’ only state-funded program for the acquisition, rehabilitation, and new construction of affordable housing. Funds are awarded to rural cities and counties, nonprofits serving rural cities and counties, or consortia of several such entities.
The Department places a strong emphasis on allocating Housing Trust Fund awards to properties catering to rural communities, elderly individuals, persons with disabilities, and extremely low income households. The Affordable Housing Match Program is designed to serve households earning no more than 80 percent of the area median family income, which for Dallas equals an annual income of $39,280 for a one-person household.
For more information about this award, contact Family Gateway at (214) 823-4500.
About the Texas Department of Housing and Community Affairs
The Texas Department of Housing and Community Affairs administers a number of state and federal programs through for-profit, nonprofit, and local government partnerships to strengthen communities through affordable housing development, home ownership opportunities, weatherization, and community-based services for Texans in need.
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