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BankersOnline.com Forums State-Specific Compliance Issues Texas TSAHC
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#2186240 - 07/20/18 02:57 PM TSAHC
Skbanker Offline
Member
Joined: Nov 2008
Posts: 56
Does anyone know anything about the TSAHC? Is it legit?

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#2186244 - 07/20/18 03:06 PM Re: TSAHC Skbanker
VMack Offline
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Joined: Jun 2001
Posts: 846
Texas
What does TSAHC stand for?
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VMACK
CRCM

“The wise know their limitations; the foolish do not.”
Benjamin Hoff, The Tao of Pooh

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#2186246 - 07/20/18 03:12 PM Re: TSAHC Skbanker
Pale Rider Offline
10K Club
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Joined: Aug 2002
Posts: 34,318
under the Lone Star
It is a state agency.....how could it not be legit?
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#2186252 - 07/20/18 03:23 PM Re: TSAHC Skbanker
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
Well, it is not really a State agency, but a 501(c)(3) organization, although it was formed at the direction of the State legislature.

http://www.tsahc.org/about

What is your real question?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2186331 - 07/20/18 07:53 PM Re: TSAHC Pale Rider
Skbanker Offline
Member
Joined: Nov 2008
Posts: 56
Well just because it is says it is a state agent does mean it actually is.

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#2186333 - 07/20/18 07:55 PM Re: TSAHC rlcarey
Skbanker Offline
Member
Joined: Nov 2008
Posts: 56
I have a customer that is asking me about it and if it was legitimate. They are thinking of applying for some of the benefits and when I went to the sit there was a tab titled donations so I figured it wasn't a state agent. I didn't know if I should encourage them to proceed with applying or not. We are not affiliated with them so I was unsure.
Last edited by Skbanker; 07/20/18 07:56 PM.
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#2186334 - 07/20/18 07:59 PM Re: TSAHC VMack
Skbanker Offline
Member
Joined: Nov 2008
Posts: 56
Texas State Affordable Housing Corp.

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#2186336 - 07/20/18 08:05 PM Re: TSAHC Skbanker
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
They provide assistance to first time home buyers and assistance to low and moderate income buyers. If you don't know about them, then you might want to do some research and gather up some CRA points if you are looking for CRA qualified investments. You might want to ask your CRA officer, as they should be well aware of their existence.

Donations - yes - they are a non-profit - so yes they solicit donations and investments.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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