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The Texas Department of Housing and Community Affairs today announced four awards of $100,000 to be used to help formerly incarcerated individuals obtain rental housing, pay security deposits and other reentry activities related to housing. The Reentry Assistance Pilot Program will provide funding to new or existing projects assisting individuals with an annual income at or below 125% of Federal Poverty Income Guidelines. 

The four awardees are Legacy Community Development Corporation in Port Arthur, Community Services of Northeast Texas in Linden, Concho Valley Community Action Agency in San Angelo, and the City of Fort Worth. Funding is made possible through TDHCA’s Community Services Block Grant (CSBG), provided annually by the U.S. Department of Health and Human Services.

“TDHCA serves as an essential resource for all individuals and families seeking affordable housing,” said Bobby Wilkinson, TDHCA executive director. “We look forward to working with our local partners in bringing the Reentry Assistance Pilot Program to fruition and helping individuals overcome the challenges to finding and securing a place to call home.”

TDHCA allocated a set-aside of approximately $1.8 million for CSBG discretionary purposes of which $400,000 is allocated for the Reentry Assistance Pilot Program. The program is designed to allow nonprofits and local government organizations to assist previously incarcerated individuals secure housing. TDHCA’s Governing Board authorized the launch of the program in July 2023.

Today, the Texas Department of Housing and Community Affairs (TDHCA) announced financing for Creedmoor Farms, a 300-unit affordable housing property in Creedmoor. Financed through TDHCA’s Non-Competitive 4% Housing Tax Credit (HTC) Program, Creedmoor Farms located at 5107 FM 1327 will provide housing affordable to local residents making at or below 80 percent of the Area Median Income. This is the first multifamily property in Creedmoor financed through TDHCA’s housing tax credit programs.

“The 4% Housing Tax Credit Program is an important component to increasing the supply of quality, affordable housing in Texas,” said Bobby Wilkinson, TDHCA’s executive director. “With this award, nearly $3.6 million, residents in and around Creedmoor will soon have more options to help support their financial well-being and raise their families in the community in which they live.”

Investors purchasing credits allocated to developers may apply the credits toward their federal tax liability each year for 10 years on a dollar-for-dollar basis in exchange for their investment in the property. Marking these recent awards, the tax credits amount to an approximate value of $36 million over the 10-year term.

In 2023, the 4% HTC Program financed more than 12,000 affordable units across the state, representing approximately $137 million in tax credits.

A new permanent supportive housing property in Austin, Espero Rutland, hosted their grand opening on February 7. Espero marks the first Permanent Supportive Housing property to serve once homeless individuals, helping with mental and medical needs, education support and food resources. Espero Rutland is a 2021 4% Housing Tax Credit recipient, receiving $1.35 million in tax credits and worth an approximate value of nearly $14 million over the 10-year term. Caritas of Austin also received $3 million from TDHCA’s Direct Loan Program (National Housing Trust Fund).

Please visit www.esperorutland.com for more information about the property. If you would like to search for affordable housing in your area, please visit TDHCA’s Help for Texans at https://www.tdhca.texas.gov/help-for-texans and use our Vacancy Clearinghouse to search for properties around the state.