The Texas State Affordable Housing Corporation (TSAHC) is a 501(c)(3) nonprofit organization incorporated in 1994 at the direction of the Texas Legislature. Based in Austin, Texas, TSAHC operates as a self-sustaining, statewide affordable housing provider serving low-income families and underserved populations who lack access to conventional housing finance options.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$491.0M
+11.4% YoY
Annual Giving
$1.5M
+42.4% YoY
Grant Count
84
+25.4% YoY
Avg Grant Size
$18K
+13.6% YoY
Mission & Focus Areas
Mission: We facilitate, preserve, and expand affordable housing opportunities for Texans.
Vision: Every Texan will have a place to call home.
TSAHC's primary programs include:
Single Family Programs: Provides 30-year fixed-rate mortgage loans to eligible first-time homebuyers; down payment assistance; short and long-term financing for single-family housing construction or improvement; grants for housing construction or improvement; and homebuyer education services.
Asset Management: Manages affordable rental housing at below-market rents for income-eligible families and individuals in the Austin area; performs asset oversight and compliance monitoring for multifamily and single-family bond-financed properties throughout Texas.
Texas Housing Impact Fund: Offers short and long-term financing for the development, acquisition, or rehabilitation of affordable rental or homeownership developments across Texas.
Housing Connection: A training and continuing education program for local housing nonprofits covering topics including pre- and post-purchase homebuyer education, credit counseling, financial coaching, foreclosure prevention counseling, real estate development, and affordable housing financing.
Texas Foundations Fund: Provides matching grants and support to nonprofit organizations and local governments working on affordable housing initiatives.
Grantmaking
TSAHC operates as both a direct housing provider and a grantmaker to nonprofit organizations and local governments.
Grant Range
Range:** Typical awards range from $10,000–$100,000.
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Geographic Focus
Where this funder awards grants
TSAHC operates statewide throughout Texas, with particular activity in the Austin area for asset management and rental housing programs. The organization also serves the District of Columbia according to recent filing data.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Financial Position (2024):
- Total Assets: $490,955,663
- Total Revenue: $85,160,892
- Total Expenses: $116,021,894
- Total Liabilities: $85.5 million (2023)
Financial Position (2023):
- Revenue: $88.1 million
- Expenses: $35 million
- Total Assets: $441 million
TSAHC maintains a four-star rating from evaluators, with a 100% score in Accountability & Finance.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $490,955,663 | $440,678,449 | $327,930,726 |
| Revenue | $85,160,892 | $88,121,465 | $110,068,921 |
| Expenses | $116,021,894 | $34,965,677 | $9,567,271 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,140,473 | $3,372,591 | $-122,878 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
221 grants across all recorded years
Open Grants
2 open opportunities from Texas State Affordable Housing
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Mr. David Long
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM DIETZ | CHAIR | 1 | — |
| VALERIE CARDENAS | VICE CHAIR | 1 | — |
| LEMUEL WILLIAMS | MEMBER | 1 | — |
| COURTNEY JOHNSON-ROSE | MEMBER | 1 | — |
| ANDY WILLIAMS | MEMBER | 1 | — |
| DAVID RASSIN | MEMBER | 1 | — |
| SAN JUANITA TAYLOR | EXECUTIVE VICE PRESIDENT | 40 | $218,958 |
| REBECCA HARRISON DELEON | BOARD SECRETARY | 40 | $73,781 |
| MELINDA GAY SMITH | CFO | 40 | $222,126 |
| DAVID W LONG | PRESIDENT | 40 | $234,111 |
| CYNTHIA GONZALES | ASSISTANT BOARD SECRETARY | 40 | $98,186 |
| JONIEL L LEVECQUE | SENIOR DIRECTOR OF SINGLE FAMILY HOMEOWNERSHIP | 40 | $195,176 |
| NICHOLAS DANIEL LAWERENCE | CONTROLLER | 40 | $159,954 |
| LAURA ROSS | SENIOR MANAGER COMMUNICATION & DEVELOPMENT | 40 | $197,235 |
| KATHRYN HOWARD | SENIOR DIRECTOR COMMUNICATION, GOVT. RELATIONS | 40 | $129,231 |
| DAVID WAYNE DANENFELZER | SENIOR DIRECTOR DEVELOPMENT FINANCE | 40 | $126,417 |
| BETSY ALDRICH | SR ACCOUNTING MANAGER | 40 | $107,819 |
Recent News & Activity
Recent developments and announcements
**March 2025:** TSAHC awarded $16.5 million in Private Activity Bonds to Foundation Communities for Burleson Studios Apartments in Southeast Austin, creating 104 units of affordable rental housing for extremely low-income single adults, with 50 units reserved for those earning up to 30% of area median income and 54 units for those earning up to 50% AMI.
2024 Grantees - Texas State Affordable Housing Corporation (TSAHC)TSAHC announced 2025 Texas Foundations Fund nonprofit grantees and published 2024 grantee lists, demonstrating ongoing support for local nonprofits and government entities working on affordable housing initiatives.
2024 Grantees - Texas State Affordable Housing Corporation (TSAHC)Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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